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Accounts Payable Automation
Our expert Team Members, combined with our award winning Omnidox suite, offer our clients industry leading accounts payable automation
Manual accounts payable processes can be time-consuming, error-prone, and resource-intensive. That’s where automation comes in. By utilising Omnidox 5 you can streamline your accounts payable workflows, you can unlock a world of benefits. From reducing manual tasks and eliminating errors to accelerating invoice processing and enhancing vendor relationships, accounts payable process automation empowers your organisation to achieve greater productivity and cost savings.
Benefits of Accounts Payable Automation
By automating your accounts payables with OASIS, you can increase efficiency, process invoices faster and enhance your financial controls.
Time & Cost Efficiency
Automation eliminates the need for manual data entry, paper-based processes, and repetitive tasks. By automating invoice processing, purchase order matching, and payment approvals, accounts payable teams can save valuable time and reduce labor costs.
Improved Accuracy
Manual data entry is prone to errors, such as typos, incorrect calculations, or misplaced invoices. With automation, the risk of human error is greatly reduced.
Faster Processing
Automation enables faster invoice processing cycles. Invoices can be scanned, digitised, and automatically routed for approval based on predefined rules and workflows.
Compliance and Security
Omnidox 5 can enforce approval hierarchies, implement segregation of duties, and maintain an audit trail of activities.
Scalability and Adaptability
Omnidox 5 can easily scale with business growth. As transaction volumes increase, automation can handle higher workloads without significant resource investments.
Financial Control
Process Automation with Omnidox 5 supports real-time tracking of invoices, approvals, and payment status, allowing for better cash flow management and budgeting.
Accounts Payable process
No matter how you currently manage your invoices, OASIS can help your
accounts payable process.
The accounts payable process begins with the collection of relevant information, including invoices, purchase orders, and receipts.
For physical collection of information this can be managed through physical mail i.e. a PO box or via scheduled box collection from your office or current storage provider.
The most common digital information collection options are SFTP, file transfer and email but we have many options available. Additionally we have proven integration with many leading business systems.
Physical documents are prepared prior to digitisation based upon agreed criteria.
This step involves scanning paper documents or extracting data from electronic files. Optical character recognition (OCR) or intelligent data capture technologies can be used to automatically extract relevant information from the documents, such as invoice numbers, dates, vendor details, and line-item amounts. The captured data is then indexed and associated with the corresponding invoice or transaction.
OASIS manage the distribution of both physical and digital documents to ensure that information is received by the right person at the right time.
Automated workflow systems can route invoices to the designated individuals or departments based on predefined rules and approval hierarchies. Notifications or alerts can be sent to notify approvers of pending invoices, facilitating timely reviews and reducing bottlenecks.
Once invoices have been distributed, it needs to be securely stored. Your digital information is stored in our highly secure Omnidox suite. Access is via authorised user permissions, managed by your designated administrators.
Physical records are stored in OASIS’ secure regional record centres. Boxes and files requested for delivery an collection are transported in OASIS liveried vans fitted with GPS tracking.
Omnidox 5, together with our state-of-the-art scanning and data capture platforms provide our clients with business intelligent reporting.
Information can be leveraged to inform business decisions and drive business processes.
As per legal and compliance requirements, accounts payable information may need to be destroyed after a certain period. This includes securely disposing of physical documents or purging electronic records from the system. Destruction processes should comply with data privacy regulations to ensure the protection of sensitive customer information.
Accounts Payable Automation
Don’t let manual tasks and obsolete systems hold back your financial operations any longer. It’s time to harness the power of automation through Omnidox 5. Unleash the potential to streamline your processes, optimise cash flow, and elevate customer satisfaction. Get in touch with us today to schedule a live demonstration or request additional information info@oasisgroup.com
- Expertise and Reliability Automate your Accounts Receivable
- Flexibility and Scalability Putting you in control of AR administration
- Automated Invoice Processing with Omnidox AP Streamline your invoice processing
Expertise and Reliability
With years of experience in the industry, we understand the challenges you face and have tailored our solution to address your specific needs.
Our dedicated team ensures a smooth and hassle-free implementation process, minimizing disruptions to your business operations.
Our responsive and knowledgeable support team is available to assist you at every step, ensuring your satisfaction and success.
Flexibility and Scalability
Our solution can be customized to fit your unique requirements, and it grows with your business, accommodating increasing transaction volumes.
Automated Invoice Processing with Omnidox AP
To compliment our Accounts Receivable solution.
Omnidox AP gives one single ‘centralised’ view of your invoices allowing you to manage them online, in a way that requires minimal input. The solution is proven to reduce supplier invoice processing costs, in some cases by over
Omnidox AP’s security tools and protocols give administrators greater control and tracking capabilities. Administrators can restrict user access, view a full audit trail of activity and create authorisation work-queues and automations for invoices which require 1st or 2nd level sign-off.
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Get in touch today if you would like to find out how OASIS can assist you in your accounts payable processing.
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