You already know Fintech for its contributions to optimizing the three-tier system through automated alcohol invoice payments. With Fintech, invoice payments are made on time, every time, and businesses also enjoy seamless line-item data integration into their back-office system. Now, we are excited to bring those time-saving capabilities to ALL of your invoices.
Our Accounts Payable (AP) Automation feature was designed to help you save time, reduce costs, improve efficiency and accuracy, and ensure compliance. Now you can pay all your invoices in one convenient place. Simply upload invoices from your computer or mobile device for scanning and digital conversion. From there, you can schedule automated payments and have one less thing to worry about in your day-to-day management.
Let’s go over five of the benefits of AP Automation and how they apply to your business.
1) Improve Your Financial Planning and Make Informed Decisions
AP Automation grants full, real-time visibility into your accounts payable. Financial planning becomes simpler when you can track all your invoice payment activity in one place. No need to sift through endless paperwork looking for a specific invoice. With built-in AP Automation, you can easily navigate your invoices and make informed decisions using data-driven reporting about your AP activity.
2) Eliminate Spending Hours on Tedious Tasks
The invoice cycle process can take up a lot of valuable time that could be better spent elsewhere. For example, managers may need to stop what they are doing and cut a check for each invoice that comes into their business. From there, they need to take time out of their busy schedule to manually input line-item data into their back-office system.
AP Automation handles this data integration for you without you having to lift a finger. It eliminates tasks like duplicate data entry and invoice matching. It also speeds up the invoice cycle by having fewer human touches for faster processing. Speed up your conversion rate from pending to paid through AP automation.
3) Optimize Your Data Flow with Seamless Integration
Our AP Automation is equipped to work with 73 out-of-the-box integrations. Manual processing is a thing of the past with this automation. You can also access fresh insights from data-rich reporting. These reports highlight purchasing trends and can potentially alert you to pricing discrepancies across your inventory.
4) Simplify Reconciliation with Speed
Getting buried under invoices and spreadsheets is draining. Ditch the spreadsheet fatigue with AP Automation and instead enjoy faster reconciliation with increased accuracy, easier invoice tracking, and real-time status updates. There is no need to waste time scouring your invoice pile just to confirm one line item when a discrepancy arises. Digitizing all your invoices makes for easier tracking and reconciliation. Keep your margins intact with the right tool in place.
5) Pay All Your Invoices Securely
Your financial information is kept safe with AP Automation. Electronic payments are made securely and your account is password-protected. Don’t risk jeopardizing your business with lost invoices containing sensitive financial information. With AP Automation, you can house all your invoices in one safe, convenient location.
Standardize and Streamline Payments with AP Automation
If you are using Fintech for your alcohol invoice management, you already know the time and cost-saving benefits it brings. Why wouldn’t you want those same benefits with all your other non-alcohol products? If you receive an invoice for it, you can scan and upload it for AP automation. Optimize your business management and use those time-savings on something more important.
You can learn more about our AP Automation here.
Written By: Matthew Bruner