The average cost to process an invoice = $13.85*
What is it costing you?
As part of The Complete AP Solution, Anybill’s SaaS application—AnyAP—provides an on-demand solution for the invoice management from validation to payment authorization.
- Invoice Validation – AnyAP protects—better than most other Accounts Payable offerings—against overpayments, duplicate payments, late fees and lengthy disputes associated with manual and paper-based functions. Because all items in AnyAP™ are validated and reconciled through a robust exception capturing, categorizing, tracking, and resolution management engine, payment errors are detected and resolved before funds are disbursed. The need for a post-transaction Accounts Payable audit or profit recovery engagement is eliminated.
- Invoice Distribution – AnyAP improves productivity and eliminates paper handling by delivering invoices electronically via its automated approval workflow.
- Invoice Review & Inquiry – Users in AnyAP can view an image of the invoice, make authorized adjustments if necessary, track any changes made, and even search a database of invoice and payment history.
- Invoice Approval & Workflow – AnyAP can be configured to match the business rules and environment of any organization to ensure that proper controls are enforced as they relate to invoice approval and payment.
- Invoice Payment Authorization – AnyAP allows authorized users to select current liabilities for funds release and payment with confidence – knowing that they have passed through a rigorous review and control process. As a final layer of control, AnyAP enables the review and approval of spending before payments are made, providing critical visibility to the finance and accounting front office. With AnyAP™, organizations can review expenses before payment and track current liabilities to maximize cash flow performance while reigning in maverick spending.
*The 2008 E-Payables Benchmark Series: A/P Strategies for Success (September 2008)