Accounts Payable Solution: Enabling New Levels of Effciency in Invoice Processing and Exception Handling

• High cost to process each invoice
• Lack of visibility into your company's obligations
• Inability to quickly fnd specifc invoices and related documents
• Duplicate payments and erroneous payments
• Frustration with the process, causing staff turnover and repetitive training
• Too many manual or ad hoc procedures causing errors and audit nightmares
• Difficulty collecting distributed receipts or generating approvals from remote participants
• No visibility into the status of invoices or how each staff member staff is performing

The ability to automate and efficiently manage invoices can improve employee utilization, cut operating costs and enable more efficient use of cash. According to studies conducted by the International Association of Payables Professionals (IAPP), the cost to process an invoice manually can range from $15 to $30 or even more. And a recent Aberdeen study revealed that automating the payables process reduced that operating cost by as much as 91 percent. These com¬panies spent 30 percent less time responding to vendor inquiries and have 12 percent fewer late payments.

StylusAP's Accounts Payable Solution provides instant access to invoice and P.O. information and streamlines invoice processing and exception handling.

Because StylusAP is delivered as a Web-based service, you never have to worry about buying hardware or installing and maintaining software. The solution is so easy to confgure and implement that you can be up and running in a frac¬tion of the time it takes for on-premises software.