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Simplify your entire accounting department with automation

Save time. Save money.

Accounting & Finance departments typically rely on manual data entry and paper-based transactions, slowing down the accounts payable/accounts receivable processes, and leaving a large margin for error.

With an automation solution, your organization can eliminate manual data entry and streamline every part of your accounting and finance department.

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The average PiF customer saves 2 hours a day, or 10 hours per week, after implementing an automation solution. It also eliminates much of the resource allocation and human capital required to function, typically reducing headcount as well as costs.

The average AP Worker has a salary of $40,000 a year or $19.25 an hour* which means that getting back those 40 hours means you’ll save roughly $770 a month by automating just some of your workflow.

Beyond its immediate cost benefits, there is a long-term ROI on Enterprise Content Management by viewing it as more than just a point solution stemming from specific pain points that need to be solved. While the solutions businesses embrace effectively reduce pain points within their organization, they often overlook the cause of the issue.

This can quickly lead to organizations spending more money and time on individual solutions, rather than embracing complete transformation of their processes. Often the concept of “digital transformation” is daunting to executives worried about the initial upfront investment, but the decision can be made easier by educating yourself on the specific benefits of a solution as well as how it can integrate with your existing business infrastructure.  

Source: The average Accounts Payable Clerk salary in the United States is $39,901 as of September 01, 2018. Salary ranges can vary widely depending on many factors, including education, certifications, additional skills, and the number of years in the  profession. The average total compensation, which includes bonus, health and retirement is $40,505.

Our solutions

Intelligent Data Capture

ERP Integration

Workflow Automation

Automated Indexing

Disaster Recovery & Cloud Hosting

Secure & Compliant

A Holistic Solution

Our comprehensive solution transforms your accounting and finance processes with multiple tools that all play a part in your company’s success.

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

Learn more about our other solutions

Document Management

The Evolution of Document Capture

Explore the transformative journey from manual data entry to the cutting-edge realm of Intelligent Document Processing (IDP). Discover how OCR, machine learning, and natural language processing have revolutionized document capture, propelling businesses into a new era of efficiency and accuracy.

Read More »
March 5, 2024 No Comments

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PiF Technologies

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