Purchase to Pay

Accounts Payable automation software and outsourcing services including on-premise & SaaS solutions

You probably see evidence every day that your manual accounts payable processes are too slow and inefficient and this will manifest itself in:

• Invoice processing being manually and resource intensive
• Involving large volumes of paper documents from multiple locations
• Any invoice exceptions being very time consuming to process

Advances in technology now mean your company can streamline its accounts payable process and take advantage of new solutions and services, either in house or outsourced, that will generate significant savings while also actively improving the purchase to pay process.

According to Zona Research most organisations who use invoice automation recoup their investments within six months.

DCS accounts payable solutions

DCS accounts payable solutions include options for on-premise installed systems, SaaS hosted systems or a fully outsourced service. Our purchase to pay solutions can help your organisation to:

• Reduce processing costs and errors
• Increase early payment discounts
• Prevent late payment errors and stop issues
• Streamline audit compliance
• Eliminate finance document storage costs
• Improved supplier relations and management

At DCS we understand the demands placed on your accounts payable staff and we have developed systems and service solutions that are both effective and easy to use. Your staff can feel in control and your organisation can begin to make savings from day one.

Are you still using manual accounts payable processing?

A recent article stated that only 52% of UK businesses have automated their accounts payable process. This means that 48% of British firms are foregoing savings of up to 80% on the cost of invoice processing.

The question is not can you afford to automate or outsource your accounts payable processing, but can you afford not to?

According to the Institute of Management and Administration (IOMA), it costs companies with a low level of invoice automation £7 to process each vendor payment. Companies with a high level of automation report reducing this to around £4.20 – a saving of almost 60%.

Say your company spends £7 per invoice and processes 50,000 invoices a year, a 60% reduction through invoice automation represents an annual saving of £210,000.

Many companies report seeing these savings in the first year of implementation.

Automated purchase to pay allows you to:

• Have better overall visibility of the whole purchase to pay process
• Improve your transaction tracking
• Reduce manual errors through process automation
• Improve system accuracy
• Produce fast and accurate financial reports
• Improve compliance
• Improve management of peak loads
• Have fast exception and query handling

More information on purchase to pay solutions

For more information on how DCS purchase to pay solutions can help you including a free quote and consultancy from an IOMA AP Manager certified consultant contact us on 01753 616720 or complete our contact form for a fast, tailored response.