How to streamline AP Invoice Processing?
The answer here is AP invoice automation. Docsvault’s three-pronged approach of AP invoice automation helps speed up filing, approval and search which leads to an efficient and seamless paperless accounts payable process. Invoices are scanned or imported to Docsvault repository and in the process are named consistently as per predefined rules. Invoices are then automatically routed for approval to the concerned employee. In case of multi-step approvals, Docsvault’s flexible workflows can be set to satisfy practically any routing requirements based on invoice amount, number of approvals needed, funding source, etc. Timely reminder alerts, automatic escalations & delegations, and complete traceability make the invoice approval process highly efficient. There is no chance of losing an invoice and there is greater transparency in the entire process.