PiF Technologies

Accounts Payable Automation

Eliminate paper & manual data entry

What is AP Automation?

In technical terms, Accounts Payable automation (AP Automation) refers to the technology used to streamline and automate accounts payable processes, removing manual tasks and providing better visibility and control over important financial data.

AP Automation isn’t just a piece of software you install on your computer, it’s a set of connected tools that work as one unified solution to simplify your organization’s processes.

By implementing AP Automation, your organization can:

Decrease invoice processing costs from as high as $40 per invoice to as low as $1.50 per invoice

Decrease invoice processing time from 23 days to 3 days

Reduce delays in approvals for non-P.O. based invoices

Capture more early payment discounts

Avoid late payment penalties and interest

Improve visibility over cash flow and liabilities

When to implement AP Automation

If your organization experiences any of the following, it's time to invest in an AP Automation solution:

How does Accounts Payable Automation work?

Every organization is different, but the benefit of Accounts Payable Automation is that it can be customized to your exact needs.

Understanding your organization’s current process is the first step in automating each step. 

"The payback on our AP automation initiative was 18 months, tops. We experienced a very fast payback."

Gary Grunewald
Chief Financial Officer, Pine State Trading

Learn more about AP Automation, read our latest blog posts:

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