SciQuest Accounts Payable Director
Manual, inefficient accounts payable processes cost you a fortune. According to the Aberdeen Group, it can be as high as $38 per invoice and take over 40 days due to invoice processing cycle times, data entry errors, inability to capitalize on prompt payment discounts, lack of visibility into outstanding liabilities, and increased risk to your supply chain as a result of frustrated key vendors. Accounts payable automation software can help.
So what’s the cure to lost productivity and high invoice processing costs? PayStream Advisors states that best-in-class accounts payable organizations can reduce their costs to $4 or less per invoice by leveraging the right technology to automate the accounts payable process. Above all, accounts payable automation results in the elimination of tedious and error-prone manual data entry frees up valuable resources and presents an opportunity to make a direct and significant impact to your organization’s bottom line.
SciQuest Accounts Payable Director offers best-in-class Accounts Payable automation that can be easily integrated with your existing financial systems or are available as part of SciQuest’s complete procure-to-pay suite.
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Automate Invoice Receipt, Matching and Approval with SciQuest Accounts Payable Director
- Maximize Your Cash, Savings & Bottom Line with Accounts Payable Automation Software
- Reduce invoice processing errors, costs & cycle times
- Eliminate late payment penalties, duplicate payments or overpayments
- Realize prompt payment discounts
- Accelerate Processing Times and the Receipt Of Invoices, Goods & Services
- Managed supplier network to maximize eInvoicing adoption
- Decrease processing times and increase matching accuracy with Purchase Order-to-Invoicing Flip
- Capture and convert paper invoices (in-house or SciQuest Digital Mailroom)
- Comprehensive receipt management & reminders
- Streamline Supplier Management & Onboarding
- Self-service supplier registration & management
- Automated W-9 collection
- Supplier invoicing portal