Top 5 Finance Trends Redefining Accounts Payable

Delve into the 5 transformative finance trends revolutionising the Accounts Payable function. Discover how these trends are creating new opportunities in the AP landscape.

Key Differences Between Manual Invoicing & Automated Invoicing

Explore the impact of finance trends on invoicing: contrasting the traditional manual methods with the streamlined efficiency of automated systems.

Manual Invoicing

  • Time-Consuming: Involves labour-intensive data entry, leading to potential delays.
  • Prone to Errors: Manual handling increases the risk of inaccuracies in financial records.
  • Cost Intensive: Demands additional staff hours, escalating operational expenses.
  • Operational Inefficiencies: Sluggish processing can cause payment delays and cash flow problems.
  • Data Extraction Difficulties: Gleaning strategic financial insights from manual systems is often challenging.
vs

Automated Invoice Processing

  • Enhanced Efficiency: Automated data entry significantly speeds up the invoicing process.
  • Improved Accuracy: Reduces the likelihood of errors, ensuring more reliable financial records.
  • Cost Reduction: Streamlines processes, leading to lower operational expenses.
  • Prompt Processing: Aids in timely payments, improving cash flow management.
  • Superior Analytics: Provides valuable data insights, aiding in strategic decision-making.

Rising Popularity of Invoice Automation

Results (1)

“Working with Kefron has been a very positive experience. Kefron AP has reshaped our accounts payable function for the better and positively influenced the behaviours and practices of hundreds of council employees and thousands of suppliers”

Tony Newbould

Deputy Head of Shared Services

Results (1)

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.”

Kelly Towel

Head of Accounts Payable

Results (1)

“From the start, Kefron was a pleasure to work with. They took the time to understand our requirements and ensure we were happy before moving to go-live.”

Janet Hendrick

AP Manager

Results (1)

“I knew that if we could free up time then we could focus much more on more valuable tasks, this and the fact that we could get much better visibility of the overall process”

Paul Jepson

Financial Controller

Key Benefits of Automated Invoicing

Increased Efficiency

Kefron AP’s Invoice Automation Solution streamlines your invoicing process, significantly speeding up accounts payable operations and freeing staff for strategic work.

Cost Savings

Automating invoices with Kefron AP reduces operational expenses by minimising manual tasks and paperwork, leading to substantial cost reductions.

Accuracy and Reduced Errors

Leveraging automated invoicing technology, Kefron AP ensures high accuracy in data handling, cutting down on costly errors typically associated with manual entry.

Compliance Enhancement

Kefron AP’s solution simplifies compliance and audit readiness, thanks to its systematic tracking and transparent reporting features.

Streamlined Workflows

Standardising invoice processing, Kefron AP’s Invoice Automation Software ensures a consistent and efficient approach to managing invoices.

Real-Time Insights

Gain immediate financial insights with Kefron AP, aiding in informed decision-making and strategic planning.

Quick Links

Buyer's Guide

Book a Demo