Ultimate AP Automation Solution
In the evolving landscape of financial management, Kefron AP's Accounts Payable Automation Solution emerges as a light of efficiency and accuracy.
Tailored for businesses seeking a transformative approach to accounts payable, our solution automates and streamlines the invoicing process, marking a significant leap in operational effectiveness.
Key Differences Between Manual Invoicing & AP Automation
- 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.
- 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.
Did you Know?
Manual Data Entry
Manually keying in the required information takes up to 40% of the overall invoicing process.
AP Automation software makes the process almost touch-free and reduces input time to 6%.
PO M ATCHING
The matching of GRN’s and PO’s to supplier invoices takes 15% of the overall process.
With AP automation, this can be reduced to just 5%.
10% of the invoicing process is spent on identifying and removing duplicates from
The work queue.
AP Automation solution eliminates all duplicates from the system.
Chasing approvals is a time-consuming process for AP professionals, taking up to 15% of the overall Invoicing process.
With AP automation this figure can go as low as 5%.
Searching through folders and files for a particular invoice can take up to 5% of the Overall process.
AP Automation software helps AP teams instantly finding what they’re looking for, Reducing this figure to just 1%.
AP teams spend 15% of their time resolving disputes with other parties.
Automated Solutions reduce this figure to just 5%.
78% of your AP staff time is made available as a manual process is no longer required
Key Benefits of Automated Invoicing
Kefron AP’s AP Automation Solution streamlines your invoicing process, significantly speeding up accounts payable operations and freeing staff for strategic work.
Utilising Kefron AP automation software 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.
Kefron AP’s solution simplifies compliance and audit readiness, thanks to its systematic tracking and transparent reporting features.
Standardising invoice processing, Kefron AP’s Automation Solution ensures a consistent and efficient approach to managing invoices.
Gain immediate financial insights with Kefron AP, aiding in informed decision-making and strategic planning.
How AP Automation Works?
Watch this video to discover how automated invoice processing works
Expanded Features of Kefron AP Automation Solution
- 2 or 3 Way PO Matching
- Automated Non-PO Matching
- Dashboards: Invoice Analytics
- Self-Service Supplier Portal
- Supplier Statement Reconciliation
- User-Friendly Interface
Kefron AP offers a highly intuitive and effective solution for 2 or 3 Way Purchase Order Matching. This feature ensures seamless tracking and processing of POs, aligning with our automated invoicing solutions to facilitate accurate and efficient invoice reconciliation. It’s designed to handle the complexities of matching invoices with corresponding POs and delivery receipts, ensuring consistency and compliance in your financial transactions.
Addressing the unique challenges of Non-PO invoice processing, Kefron AP’s robust automated system efficiently handles ad-hoc invoices. This feature is integral to our AP Automation, providing a streamlined and reliable process for managing invoices that fall outside the regular PO-based workflow, ensuring comprehensive coverage of all invoicing scenarios.
Our AP Automation solution includes a proactive Invoice Analytics dashboard, offering real-time insights into your invoice data. This powerful feature aids in strategic decision-making, providing visibility into spending trends, processing times, and supplier performance. It’s a critical tool for businesses seeking to leverage data for enhanced financial management and operational planning.
The Self-Service Supplier Portal, a key component of our AP Automation, empowers your suppliers by providing them with a streamlined, user-friendly platform. This portal facilitates better communication, invoice submission, and tracking, enhancing the overall efficiency of your accounting processes and fostering stronger supplier relationships.
Kefron AP Automation solution includes an advanced Supplier Statement Reconciliation feature. This interactive tool is essential for maintaining error-free control over your expenditure. It simplifies the reconciliation process, ensuring accuracy in matching supplier statements with corresponding invoices and payments, thereby enhancing financial integrity.
Kefron AP’s Automation Software boasts a user-friendly interface, designed with simplicity and accessibility at its core. This intuitive interface ensures that users, regardless of their technical expertise, can navigate the system with ease. The layout is clean and straightforward, with clear labels and logical navigation paths that make it simple to find and use various features.
Experience Kefron AP
Take the first step towards revolutionizing your accounts payable process. Book a demo today to experience the full capabilities of Kefron AP Automation Solution and embark on a journey towards enhanced efficiency and strategic financial management.
AP Automation Experts
Continuous Improvement Team
Kefron AP offers a team of data specialists to optimise and train the software to ensure near-perfect accuracy, freeing you from the daily management of invoice scanning technology.
Customised Advanced Workflow Functionality
Kefron AP is purpose-built for AP functions. We offer advanced workflow features to address unique business challenges, such as notifying stakeholders when it’s time to receipt goods or services.
Touchless Processing Excellence
With Kefron AP, you can experience high touchless processing rates – consistently achieving results in the high 80s. This level of efficiency far exceeds market standards, making invoice processing a breeze.
Kefron AP platform is tailored to meet the unique challenges of accounts payable departments, unlike solutions with out-of-the-box functionality. We take the time to understand and tailor AP automation solution to meet those needs.
Connection to all ERP and accounting systems
Kefron AP Automation Solution is engineered for effortless integration with your current financial systems.
This ease of integration ensures a smooth transition to automated processes, maintaining continuity in your financial operations.
Why Use AP Automation?
What is AP Automation?
AP Automation, a key aspect of finance automation, involves using AP Automation Software to digitalise and streamline accounts payable tasks, significantly enhancing processing efficiency.
How to Automate Invoice Processing?
Implement an AP Automation Tool to capture, match, and process invoices with minimal manual intervention, enhancing efficiency. Kefron AP’s software to capture invoice data, match it against POs or contracts, automate approvals, and process payments seamlessly.
What are the Benefits of Automated Invoicing?
Automated invoicing offers cost savings, reduced manual errors, improved compliance, and faster processing, crucial for efficient financial management.
Can AP Automation Software Integrate with ERP Systems?
Yes, modern AP Automation Software seamlessly integrates with various ERP systems, enhancing financial workflow efficiency.
Is AP Automation Secure?
Absolutely, AP Automation Tools employ robust security protocols, including encryption, to safeguard sensitive financial data.
Is AP Automation Suitable for Small Businesses?
Definitely, AP Automation Solutions are scalable, making them ideal for businesses of all sizes, including small enterprises.
Book an AP Automation Solution Demo
Learn if your business is suitable for 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