AP Automation for Manufacturing
Elevating Efficiency & Precision
In the fast-paced manufacturing sector, financial operations are the backbone that supports seamless production and growth. Kefron’s AP Automation revolutionises this crucial area, transforming the traditional accounts payable process into a streamlined, efficient engine of accuracy and speed.
Embrace the power of automation to not only expedite your invoice processing but also to unlock unprecedented value in supplier relationships and financial insights.
Manufacturing Financial Process Automation
2 or 3 Way PO Matching
Enables efficient PO invoice processing through intuitive matching, streamlining the tracking and approval of purchase order-related invoices.
Automated Coding
Handles ad-hoc non-PO invoices with a robust process that minimises manual data entry and errors through automated coding, ensuring accurate processing and categorisation.
Invoice Analytics Dashboard
Provides real-time insights into invoice data, offering actionable intelligence for better decision-making and strategic financial management.
Self-Service Supplier Portal
Empowers suppliers with tools to manage their invoices, enhancing communication and streamlining the accounting processes between businesses and their suppliers.
Supplier Statement Reconciliation
An interactive feature for error-free reconciliation, ensuring accurate spend control and financial integrity.
Intelligent Data Extraction & Easy Capture
Utilises Machine Learning and AI for automatic and accurate data capture from invoices, facilitating touch-free processing and significantly reducing manual efforts and errors.
Enhanced Communication & Approval
Allows for direct on-invoice communication, enabling faster review, approval processes, and accountability, while effectively reducing processing bottlenecks.
Advanced Invoice Tracking
Ensures efficient invoice management through sophisticated tracking features, including automatic notification reminders and prioritisation of urgent invoices
Audit-Ready System
Creates a compliant environment ready for both internal and external audits by providing searchable access to any invoice and its accompanying details, ensuring compliance and transparency.
Elevating Manufacturing Efficiency with Automated AP Solutions
- Efficiency & Time Savings
- Cost Reduction
- Compliance & Fraud Prevention
- Vendor Relationships
- Visibility & Control
- Scalability for Growth
Automating Invoice Processing
Kefron AP digitises the entire invoice process, significantly reducing the time needed for data entry, verification, and processing of invoices. It automates repetitive tasks, allowing finance teams to focus on more strategic work.
Lowering Invoice Processing Expenses
By automating invoice processing, Kefron AP lowers the cost per invoice processed. This reduction arises from minimising manual interventions, reducing errors, and accelerating the invoice lifecycle, which together contribute to lower overall operational costs.
Maintaining Audit Trails
The system maintains detailed audit trails for every invoice processed, enhancing transparency and accountability. This supports compliance with financial regulations and aids in identifying discrepancies that could indicate fraudulent activities.
Ensuring Timely Payments
By streamlining the invoice approval and payment process, Kefron AP ensures timely payments to vendors, enhancing trust and relationships. The system’s efficiency can also lead to opportunities for early payment discounts, further benefiting the organisation.
Real-Time Invoice Monitoring
Kefron AP provides 360° visibility of the invoice processing workflow, enabling finance leaders to monitor the status of invoices in real-time. This increased transparency allows for better cash flow management and strategic financial decision-making.
Adapting to Business Expansion
The solution is designed to be scalable, accommodating increasing volumes of invoices as the business grows. This flexibility ensures that the AP process remains efficient and effective, regardless of the company’s size or invoice volume.
Did you know?
Making the right choice in invoicing automation software is essential.
It brings unparalleled savings up to
99%
touch-free
processing
67%
quicker invoice
approval
46%
faster invoice
payments
Advanced AP Automation for Manufacturing
Ready to learn more how Kefron AP enhance manufacturing financial processes though advanced AP Automation?
How AP Automation Works?
Invoice Capture
Auto-upload paper invoices & e-invoices. Kefron AP reads and extracts required invoice fields.
Process
Auto-distribute each invoice to PO or Non-PO workflows for processing
Approval
Custom workflows auto-direct to pre-determined approvers via in-app notifications
Post to ERP
Clean Validated data posted to ERP system. Access invoices anytime with keyword search & retrieve
Integration with Your ERP for Manufacturing Excellence
Kefron AP seamlessly integrates with leading ERP Systems, enhancing manufacturing financial process automation.
Our dedicated success team ensures a smooth setup with your manufacturing accounting system, streamlining your AP automation journey.
AP Automation in Manufacturing
We wanted to grow through acquisition while reducing the need for hiring staff, mundane work like processing supplier invoices. Kefron AP extracts 99% of the data first time off accounts payable supplier invoices.”
Tomasz Sobczyk
IT Project Manager
Our invoice processing time has significantly improved. The speed and accuracy of the captured information is outstanding, making us much more efficient.”
James Coxon
Group Finance Director
With Kefron AP , the history of the document is easily accessible. I know longer have to go through piles of papers and chase people for approvals.”
Fran Hole
Finance Manager
FAQ
How does AP Automation for Manufacturing enhance invoice processing efficiency?
By leveraging manufacturing invoice processing Automation, businesses can transform their invoice handling, dramatically reducing processing times and errors, ensuring a smoother financial operation within the manufacturing landscape.
What cost benefits can manufacturers expect from implementing AP Automation?
AP Automation for manufacturing offers substantial cost savings by optimizing workflow efficiency, reducing manual labour, and minimizing errors, leading to significant operational cost reductions.
What role does AP Automation play in manufacturing sustainability and eco-friendly initiatives?
AP Automation reduces the need for paper-based processes, supporting manufacturing businesses in their transition to more sustainable, eco-friendly operations by minimizing waste and promoting digital workflows.
How does AP Automation ensure data security and compliance in manufacturing financial processes?
With advanced encryption and compliance features, AP Automation safeguards sensitive financial data against unauthorized access and ensures adherence to regulatory standards, protecting manufacturing businesses from potential data breaches and compliance issues.
Ready to transform your manufacturing AP processes?
Book a demo and learn how your business can benefit from AP Automation
- Calculate % of current process that can be automated touch-free
- Identify bottlenecks in your current process
- Calculate your first year ROI
- Tailored demo to your AP Processes
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