Background
A Global Telecommunications Corporation was experiencing difficulty in handling an ever increasing volume of incoming Accounts Payable mail, leading to excessive processing delays. Their desire was to address this problem before it became unmanageable.
Challenge
- How to streamline the Accounts Payable process while substantially reducing costs
- How to eliminate the handling of paper and the manual Accounts Payable data entry function
Solution
With the implementation of AP Assistant™, ACI’s AP Automation solution, all accounts payable invoices are now redirected to ACI where they are processed for approval and once approved accounts payable data is made available to the client for upload into their financial system for payment processing.
Results With Ash Conversions
- Over 70% reduction in department overhead
- Elimination of accounts payable hardcopy, faxed or emailed invoices
- Acceleration of accounts payable invoice processing
- Elimination of late payment fees
- Improved opportunity to take advantage of vendor discounts
- Substantial improvement in vendor relations
To see a demo of AP Assistant™ and to learn how your organization can benefit from AP Automation, click the ‘Request a Demo’ button below.
