Retail
Save management time, decrease costs, and increase visibility of records by avoiding the manual processes of price variations & purchasing.
Are you wasting time having to match invoices line by line, so you don’t miss incorrect pricing or incentives?
Automated line matching will reduce the time spent on accounts process and increase the managers time working on the business!
Calculate your savingsDoes your team relate to these common frustrations?
No Visibility
Paper based processes inherently lack visibility as key data from the documents is not entered into systems until very late in the process. The inability to track paper through the process also allows for a complete lack of compliance.
Upcoming commitments and obligations, along with the status of invoices can all contribute to an inability to correctly manage cashflow.
Lack of Mobility
Paper based approvals requiring approvers to visit a central location or retrieve documents take them away from their core job roles. This not only significantly increases process costs but is often seen as a major source of frustration for management and supervisors.
Duplicated Effort
With businesses having multiple systems to manage processes, often duplicate data entry or work is required to manage this effectively. This creates longer cycle times within processes and duplicate work for staff, increasing time spent and overall process cost.
Statement Matching
During the mad rush end of month process, AP staff are required to manually check through statements to find matching invoice numbers to then request missed or lost invoices to be resent. This overall process is time consuming and cumbersome for finance team members both on and off site.
Reclaim lost time with an Automation Solution
While finance processes all include intangible associated costs and risks, Key process analytics will allow for fact-based projections of existing and future cost comparisons. Data driven analysis of both your current process costs along with the reduced future to be process costs allow you to make informed decisions on your automation journey.
Paired with intangible benefits as increased visibility and clear audit trails, this will demonstrate where you will see the greatest value from automation.