I had a client come to me recently saying their internal bookkeeper had just informed them of a family tragedy and that they needed to take immediate leave for 2 weeks. This person had sole responsibility for accounts payable processing and the business could not afford to just leave this function unattended. Within 24 hours we had implemented a system that reduced Accounts Payable processing time by 12 hours per week. This saved the business over $30,000 p.a. The supplier invoices were scanned and put through a processing engine that would capture the necessary information to enable upload into the client’s MYOB file from a file data.
There was some initial ‘learning’ of where to classify certain suppliers but once that was set it merely became a process of managing the exceptions. Read more… Save time and money with automated accounts payable software