A single platform for all paper and electronically submitted invoices. We’ll even receive and process mailed-in invoices on your behalf.
Think your invoice data capture, workflow routing, and integration requirements are straightforward? MetaSource offers a version of its invoice processing automation solution that can be rapidly deployed, without expensive and open-ended professional services contracts and with less risk of system failure.
Our pre-built integrations make it easy to sync invoice data between MetaSource AP Automation and your ERP or accounting software. Don’t see your ERP or accounting software? We’re adding new integrations all the time. We can even key enter data directly into your ERP or accounting software on your behalf.
We get it. Trying to automate invoice processing with traditional AP systems can be exhausting – not to mention costly, time-consuming, and risky. There’s no telling when – or if – you’ll ever achieve return on your OCR investments. MetaSource’s AP automation solutions offer a better alternative to OCR.
MetaSource AP Automation is powered by a cloud infrastructure and comprehensive outsourced services built for whatever comes next. You can count on us to be there to help your business grow.
No one likes half-measures. With MetaSource AP Automation, you get an end-to-end solution that will eliminate manual keying, paper shuffling, and time wasted fixing errors and mistakes once and for all.
Whether your AP department is automating for the first time or looking to upgrade from its existing technology, our end-to-end approach to automation ensures that you will achieve optimum results.
reduction in costs
less manual handling
faster invoice approvals
Accounts payable automation is technology that digitizes and streamlines the receipt, processing, and posting of paper and electronic invoices submitted by suppliers. The technology automates tasks such as:
The best accounts payable automation solutions also provide expert-assisted services for resolving invoice exceptions. By automating invoice data capture and other invoice processing tasks, AP departments can decrease operations costs, reduce the possibility of errors, accelerate invoice approval cycle times, and gain visibility into invoices from the point they are received.
Accounts payable automation solutions provide significant operational and strategic benefits to organizations of all sizes, across all industries. Eliminating manual, repetitive invoice processing tasks such as keying invoice data and shuffling paper and emails reduces the average cost to process an invoice submitted by a supplier. According to the Institute of Finance and Management (IOFM), highly automated accounts payable departments spend less than one-fourth as much, on average, to process a single invoice compared to their peers with little or no automation.
Accounts payable automation also improves staff productivity. Highly automated AP departments process eight times as many invoices per full-time equivalent (FTE) as their peers with little or no automation. And accounts payable automation reduces the average amount of time it takes to approve an invoice. Highly automated accounts payable departments approve invoices in less than one-fourth the time it takes their less-automated peers. As a result, highly automated accounts payable departments capture seven times as many early payment discounts as their peers with little or no automation. These benefits are the primary reasons that more organizations are automating their invoice processing.
AP automation solutions use advanced technologies to digitize and streamline the processing of invoices submitted by suppliers.
Throughout the process, accounts payable staff can see the status of invoices.