How Gold Care Homes Centralised Invoice Management
Learn directly from Group Financial Controller Vivek Goradia of Gold Care Homes about:
• Structure of Finance Team
• Finance Tech Stack
• Day to day Invoice Process Challenges
• Invoice automation for Care Homes
• Key outcomes following implementation of AP Automation
Care Homes: AP Automation Success
Saved
30k
in a first year
Cut invoice
queries by
40%
Achieved
100%
Paperless Process
Did you Know?
Manual Data Entry
Manually keying in the required information takes up to 40% of the overall invoicing process.
Invoice Automation makes the process almost touch-free and reduces input time to 6%.
PO MATCHING
The matching of GRN’s and PO’s to supplier invoices takes 15% of the overall process.
With invoice automation, this can be reduced to just 5%.
MANAGING DUPLICATES
10% of the invoicing process is spent on identifying and removing duplicates from
The work queue.
Invoice automation eliminates all duplicates from the system.
CHASING APPROVALS
Chasing approvals is a time-consuming process for AP professionals, taking up to 15% of the overall Invoicing process.
With Invoice automation this figure can go as low as 5%.
FINDING DOCUMENTS
Searching through folders and files for a particular invoice can take up to 5% of the Overall process.
Invoice Automation helps ap teams instantly finding what they’re looking for, Reducing this figure to just 1%.
RESOLVING DISPUTES
AP teams spend 15% of their time resolving disputes with other parties.
Automated Solutions reduce this figure to just 5%.
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.
Exclusive Opportunity to Gain Expert Insights in Finance
Watch the video for a valuable session with Vivek Goradia, Group Financial Controller of Gold Care Homes, and dive deep into the world of finance management in the care home industry.
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