With Thanksgiving just around the corner, it's the perfect time to show our appreciation for the hardworking people in accounts payable departments. These dedicated professionals play a crucial role in ensuring the smooth financial operations of businesses, regardless of their size or shape.
So, let's dive right in and discover what brings a sense of gratitude to accounts payable departments during this Thanksgiving season!
Streamlined Processes: A Time Saver
Accounts payable departments have come a long way in automating their processes. Thanks to modern technology and software solutions, gone are the days of manual data entry and error prone Optical Character Recognition (OCR) based solutions. With streamlined approval workflows, electronic invoicing, digital supplier networks, and automated payment systems, accounts payable professionals can now focus on more value-added tasks, like analyzing financial data and building solid vendor relationships.
Transcepta helps to liborate AP teams from the burden of manual tasks and enhances the approval process by eliminating invoice exceptions. Transcepta meticulously examines each invoice to identify missing data, validates information against other documents and specified criteria, and enables suppliers to resolve invoice exceptions before they reach the AP inbox.
It's crystal clear that this Thanksgiving, accounts payable departments have a lot to be thankful for - the precious time saved and the skyrocketing efficiency they've achieved.
Perfect Accuracy
Errors in AP are a real pain in the neck, especially when time is of the essence. This Thanksgiving, AP professionals who use Transcepta celebrate their liberation from OCR, and a flawless 100% accuracy rate from the first invoice to the last.
Digital Supplier Network
Transcepta clients are especially grateful for the collective knowledge of thriving customer-supplier relationships within the Transcepta Supplier Network. With “learning technology” simplifying the invoice submission and payment processes, suppliers are empowered to resolve invoice exceptions before they end up in the AP inbox. This improved efficiency contributes to a smoother operation for all parties involved.
Greater Visibility: A Clearer Picture
Gone are the days when accounts payable professionals were left in the dark about outstanding liabilities, which made financial planning difficult. In the fast-paced and ever-changing business landscape of today, Transcepta's customers are equipped with a clear view of every aspect of the AP process. This empowers AP professionals to navigate confidently and make informed decisions in the face of any challenges that may arise.
This Thanksgiving, let's take a moment to acknowledge the tireless efforts of AP departments. They have embraced technological advancements that make their lives easier, significantly impacting businesses' financial health. From streamlined processes and improved accuracy to enhanced vendor relationships and greater visibility, accounts payable professionals have plenty to be grateful for.
Don’t feel very thankful? Contact us today and we’ll make sure that you have a very Happy Thanksgiving!