Automating your accounts payable process with PathQuest AP brings forth an array of compelling benefits. Automating accounts payable process yields substantial time savings, reduces errors, improves cash flow, and strengthens vendor relationship. The solution’s features, such as insightful dashboards, automated workflows, and easy escalation, enrich the entire AP process, enhancing efficiency and savings.

AP automation costs vary depending on your specific organizational requirements. For instance, if your AP team currently processes a certain number of invoices per hour, implementing automation solutions can potentially reduce that time by 50-70%, resulting in significant efficiency gains. Various factors, including integration needs and desired automation extent, influence pricing structures.

AP automation significantly decreases manual entry and paper expenses while accelerating approvals and optimizing resource allocation. For example, hiring extra AP staff averages $40,000 to $60,000 per year. With AP automation, potential savings on resources could reach up to 70%, directly translating to reduced invoice processing costs. Read our latest blog to learn more.

AP automation harnesses cutting-edge tools such as optical character recognition (OCR) technology to expedite the retrieval and validation of invoice information. Significantly reduce processing costs by swiftly converting paper invoices into digital records. A streamlined workflow accelerates accuracy and processing speed. Industries grappling with a diverse array of invoices can particularly benefit from invoice verification and matching. With a seamless invoice verification process, you can swiftly navigate an influx of invoices and maintain payment accuracy across the spectrum of invoice diversity.

Automating accounts payable processes leads to seamless workflows. With invoice routing, approval automation, and streamlined payment scheduling, manual steps decrease. This ensures a smooth end-to-end process, enhancing visibility, control, and resource allocation, ultimately boosting AP workflow efficiency.

E-invoicing (electronic invoicing), a cornerstone of paperless processing, integrates seamlessly with your inbox. Sync your mailbox with PathQuest AP using credentials, instantly capturing incoming emails, including invoices. Alternatively, vendors can forward digital copies directly to PathQuest AP’s standard email address. Even when the email content itself constitutes a bill, the Convert to Document feature facilitates a smooth transition, enabling easy attachment of bills

PathQuest AP boosts payment visibility with centralized real-time insights. An insightful dashboard displays statuses, approvals, expected dates, and automated alerts, minimizing communication gaps, enhancing issue resolution, and offering clear, unobstructed views of payment progress, fostering efficiency and control.

By speeding up invoice processing, approvals, and payments, AP automation solution shortens the time between invoice receipt and payment, improving cash flow. Fewer errors and streamlined processes reduce payment delays, optimizing working capital utilization. This accelerates cash availability for investments and operations, fostering financial stability and growth.

PathQuest AP streamlines communication and processes, empowering suppliers to submit invoices and track payments through the vendor portal. Swift processing ensures timely payments, building trust. Transparency is enhanced by inviting vendors to manage payments, check bills, and track orders. The solution reduces administrative burden, fostering collaborative, friction-free supplier relationships

AP automation solution helps you automate payment scheduling and ensure accurate, timely disbursements without manual effort. Real-time analytics offer cash flow insights, optimizing payment timing. AP automation solution centralizes payment tracking, reducing oversight needs. With fewer errors and timely execution, your team can focus on financial initiatives, free from day-to-day payment management.

With dedicated teams, queries sent to [email protected] or (800) 838-4854 are swiftly directed to knowledgeable representatives. If needed, experienced managers step in, ensuring comprehensive assistance. This approach fosters loyalty through effective, multi-level support, ensuring exceptional service throughout your PathQuest AP journey.

Yes, AP automation integration with ERPs is user-friendly. PathQuest AP employs well-structured Application Programming Interface (APIs) and connectors for smooth data exchange, ensuring seamless collaboration between systems. These solutions streamline processes, enhance accuracy, and provide a unified view of payables, adapting to ERP specifications for minimal disruption.

PathQuest AP’s onboarding is efficient and seamless. After initiation, you will receive a checklist containing user details and system access. Our team ensures custom setup, configuring permissions for data security. With 5 fundamental and 4 advanced training sessions, you will gain in-depth understanding of the solution. Launch within weeks, not months, utilizing the solution’s prowess in just 2 to 3 weeks for swift, effective optimization of your accounts payable process