Manual invoice processing is slowing businesses down and is costing companies thousands of pounds on unnecessary expenses and low productivity levels. The fact is that all studies show that companies implementing Accounts Payable automation software like PaperLess achieve:
Reduction on AP Processing Costs by 80% – According to studies, businesses that automate accounts payable save an average of £9 per invoice when compared to manual processing.
- Eliminate of up to 90% of time spent on Manual Data Entry – AI-powered invoice recognition significantly speeds up invoice processing times while minimising human errors. Hence AP Automation not only speeds up the process but also improves data accuracy levels.
- Cut Approval Times by 65% – With AP Automation companies are able to speed-up and streamline invoice approval processes. This means fewer late payment penalties and improved supplier relationships.
- Reduce Paper & Printing Costs by 75% – Automation of Accounts Payable processes is based on digital invoice processing which has obvious impacts on the costs with paper, ink cartridges and storage space for all those paper invoices and other accounting related documents. By implementing an AP Automation Software, company save on paper, ink, and storage costs while moving towards a fully digital workflow.
- Increase AP Team Productivity by 4X – Studies show that automation frees up accounts team’s time, allowing them to focus on higher-value tasks instead of repetitive data entry.
PaperLess has now reached its highest number of active installations ever! More and more finance teams are switching to automation—don’t get left behind.
With AI-powered invoice recognition, automatic approval workflows, PO matching, and seamless integration with Sage 50, Sage 200 Professional, Sage 200 Standard, Sage 200 Evolution, Sage Intacct, Xero, and SAP Business One, PaperLess is the smart choice for finance teams looking to boost efficiency and cut costs.
Book Your Free Demo Today & Discover Your Potential Savings!
Click Here to Book Your Free Demo
Take the first step towards transforming your accounts payable processes. Don’t let manual invoice handling slow you down!
