Working with Accounts Payable teams, we find these common challenges:

• Vendor setup is manual, time-consuming, and error-prone.
• Every invoice looks different and must be treated differently for POs, cost centers, terms, etc.
• AP teams are inundated with repetitive tasks and cannot focus on strategic activities.

The roots of these challenges?

• Many portions of the AP process are manual, time-consuming, and require double or triple-checking.
• Data must be entered manually, sometimes multiple times in different systems.
• AP receives documents of every shape and size, and it is difficult to extract the key data from them without manual intervention.
• It is daunting and time-consuming to get data into the financial system, ensure it is tagged appropriately, and ensure everything is accurate.

Accounting teams turn to Capitalize Analytics when they are looking for ways to save time and increase productivity. Customers turn to us to solve issues in AP when they want to apply the right tools to automatically understand their invoices, immediately recognize the values they need, and automatically extract those values. Once they have that data, they can feed it into fully automated accounting processes.

Alteryx Month-End Close Automation Tools Can Help

In the video above, we’ll show you how to:

• Drastically increase invoice processing efficiency and accuracy.
• Reduce late payments by 12%.
• Catch errors and bad data more quickly and help you focus on exceptions.
• Streamline your accounting processes by automating your AP data feed into downstream systems.
• Reduce your dependency on IT.
• Allow your AP team to spend more time on high-value analysis instead of manual data entry.

Ready to get started with Alteryx and ABBYY? Contact us at info@capitalizeconsulting.com for a personalized demo.