30 Ways Digitized AP is Better Than Manual AP for Manufacturers

Daily Operations

1. Optimize efficiency in the office

2. Eliminate manual data entry and human error

3. Streamline the validation process

4. Route invoices electronically for approval

5. Schedule exact payment dates

6. Pay valid invoices automatically

7. Enable invoice prioritization through machine learning

8. Free staff to focus on strategic initiatives

9. Store invoices electronically for easy accessibility

10. Generate a fully auditable record for each invoice

Traditional manual AP

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Transformational digital AP

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Financial Matters

1. Provide real-time data and insights for financial decisions

2. Optimize cash flow and working capital management

3. Support funding growth and making investments

4. Gain leverage in supplier contract negotiations

5. Generate revenue with cash-back rebates

6. Enable capture of earlypayment discounts

7. Eliminate late payment fees

8. Avoid costs associated with check payments

9. Scale without increasing headcount

10. Attract and retain skilled workers

Traditional manual AP

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Transformational digital AP

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Vendor Relations

1. Accelerate secure vendor onboarding

2. Expand supplier payment options

3. Ensure timely payments

4. Provide rich remittance data to suppliers

5. Reduce fraud risk

6. Maintain sensitive bank information securely

7. Accelerate exception and dispute management

8. Improve supplier cash flow and increase working capital

9. Enhance efficiency for supplier accounts receivable team

10. Strengthen supplier relationships

Traditional manual AP

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Transformational digital AP

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