Most organisations have a manual process for invoice approval that can be quite time consuming and prone to error. With paper invoices being passed from one department to another it is common for invoices to get lost, misplaced or simply to sit within “in trays” indefinitely waiting for approval. From an Accounts Payable perspective, there is a distinct lack of control; finding out where an invoice is in this chaos can be near on impossible.
Automating the invoice approval process can help organisations reduce costs and provide control and compliance to the procurement cycle. ImageFast are experienced with implementing Invoice Approval solutions built on SharePoint. Workflows are used to manage each invoice for its entire lifecycle. Each stage of the process is assigned to someone to guarantee responsibility is accepted, giving you a visible trail to follow should issues occur; the error can be isolated and reasonable action taken to resolve it.
Features & Benefits
- Streamlined process reduces invoice processing times
- Helps to reduce errors in the accounts payable process
- Accommodate rapid growth in the business through automation rather than adding head count
- Improve spend visibility and financial control
- Ensure compliance with legislation and procedures