• Company
    • Company
    • Why Nexus
    • Become a Partner
  • Company

    • Why Nexus
    • Become a Partner
  • Company
    • Why Nexus
    • Become a Partner
Nexus logo Nexus logo
  • Solutions

Use Nexus Your Way

Automate Payments
_______________
Automate Invoices
_______________
Procure-to-Pay
_______________
See Who Uses Nexus
_______________

For Suppliers

Use NexusConnect to track invoices and get paid.

Learn More
  • Integrations

Integrate With Your Tech

MRI
_______________
Entrata
_______________
Microsoft Dynamics GP
_______________
Oracle JD Edwards
_______________
RealPage
_______________
ResMan
_______________
Sage Intacct
_______________
Yardi
_______________
Other Solutions
_______________

Sync Automatically

Nexus integrates with your system of record.

Learn More
  • Resources

Learn More About Nexus

Resources
_______________
FAQ
_______________
Testimonials
_______________
Get Training
_______________

Business Case

See the time and cost savings of using Nexus software.

Learn More
Contact Us Book a Demo Search
Contact Us
Book a Demo
Nexus logo Nexus logo
Back
Contact Us Book a Demo Search
Contact Us
Book a Demo
Search
Contact Us Book a Demo Search
Contact Us
Book a Demo

  • Solutions

      For Suppliers

      Use NexusConnect to track invoices and get paid.

      Learn More
    • Use Nexus Your Way
      • Automate Payments
        _______________
      • Automate Invoices
        _______________
      • Procure-to-Pay
        _______________
      • See Who Uses Nexus
        _______________
  • Integrations

      Sync Automatically

      Nexus integrates with your system of record.

      Learn More
    • Integrate With Your Tech
      • MRI
        _______________
      • Entrata
        _______________
      • Microsoft Dynamics GP
        _______________
      • Oracle JD Edwards
        _______________
      • RealPage
        _______________
      • ResMan
        _______________
      • Sage Intacct
        _______________
      • Yardi
        _______________
      • Other Solutions
        _______________
  • Resources

      Business Case

      See the time and cost savings of using Nexus software.

      Learn More
    • Learn More About Nexus
    • Resources
      _______________
      FAQ
      _______________
      Testimonials
      _______________
      Get Training
      _______________
  • Company
    • Company
    • Why Nexus
    • Become a Partner
  • Company

    • Why Nexus
    • Become a Partner
  • Company
    • Why Nexus
    • Become a Partner

Contact Us Book a Demo Search
Contact Us
Book a Demo

Reduce Invoice Exceptions with Fully Automated AP

Blog

Sep 6, 2017

It's time to see the error of your ways. Nobody’s perfect.

That is especially true of businesses that process invoices in a manual or semi-automated environment.

Nearly one-in-five invoices received by businesses that operate a manual or semi-automated AP environment result in an exception, per Ardent Partners.

There are myriad reasons for exceptions, including: wrong price, wrong quantity, missing tax amount, missing tax identification number, no requester name, no contact information, no contract and/or purchase order, missing purchase order number, no shipping notice, incorrect net amount, and more. While some exceptions are unavoidable, full AP automation can eliminate most of them, and significantly streamline the resolution of any exceptions that result from processing supplier invoices.

Validating invoice data and matching invoices to related documents is a costly and time-consuming process in a manual or semi-automated environment. The problem is compounded when invoice errors are detected late during the approval cycle. And without full automation, resolving exceptions typically involves more manual keying and multiple handoffs and back-and-forth e-mails and phone calls to identify and resolve the cause of the exception, which delays approval cycles (resulting in late-payment penalties and missed early-payment discounts). Making matters worse, exceptions can languish on desks or in e-mail boxes awaiting approval/resolution. Manual and semi-automated processes also are not foolproof, meaning that exceptions and errors can slip through the cracks.

There are 6 ways that full AP automation reduces exceptions and errors, and streamlines the resolution of problems:

  1. Suppliers can convert electronic purchase orders into invoices (eliminating the chance of errors)
  2. Invoice data is automatically validated at the point of submission
  3. Data extraction and invoice matching is automated (reducing the change of mis-keyed data)
  4. Supporting data is instantly available online
  5. Information from approved invoices is electronically posted to an ERP platform or downstream system
  6. Problem suppliers are identified using analytics

What’s more, AP can collaborate with internal stakeholders and suppliers online to resolve exceptions in a more structured and efficient manner than manual or semi-automated environments.

Want to see how much you can save on exceptions resolution with full AP automation? Download our complimentary white paper, “Stop Throwing Money Down the Drain: 5 Reasons to Embrace Full AP Automation.”

ap-automation-wp-ad-3.jpg


      footer curve

      Solutions

      • Automate Payments
      • Automate Invoices
      • Procure-to-Pay
      • See Who Uses Nexus

      Company

      • About
      • Newsroom
      • Bottomline CSR
      • Transparency in Coverage Rule

      © 2023 Bottomline Technologies, Inc. Privacy