Reduce Accounts Payable Risk with Approval Automation 

Your accounts payable team carries out a great deal of responsibilities that have a direct impact on your organization, including reducing accounts payable risk. When you arm your accounts payable team with the right tools, they can uphold your vendor relationships, reduce costs associated with accounts payable processes and ensure that compliance standards are met through approval automation. OnePosting is the right solution for your accounts payable team to carry out these obligations. For many organizations, their accounts payable processes are carried out manually, which in turn makes compliance difficult to achieve and maintain, which increases risk. Without a proper automated process in place, your accounts payable team can increase risk if the following issues are not managed correctly;

• • Lack of visibility across accounts payable

• • Manual data entry

• • Lost or missing invoices

• • Fraud and security issues

• • Manual invoice matching

The greatest accounts payable risk is the manual approval process on invoices. With a solution like OnePosting, you can introduce approval automation to not only run your accounts payable department more efficiently, but also reduce risk.

How Does Approval Automation Work?

When automation is introduced to invoice management, manual errors can be eliminated in order to boost compliance and avoid issues or hold ups from reoccurring. With Oneposting, your accounts payable process can be automated right from the start – including invoice capture, matching, approval and query management, reducing errors and risk and upholding compliance.

Workflows Reduce Risk 

With OnePosting, you can use automation to delegate approvals, while setting due dates and reminders if needed. Not only do such work flows speed up the approval process, you can set specific parameters to ensure that approvals are going to the right people to ensure compliance is upheld, which we will explore next in great detail.

Set Up Approval Levels

Reduce risk with approval automation by getting the appropriate level of approvals in place. With OnePosting, you have the ability to set up a specific threshold or dollar amount on any invoice to get approval from specific team members. Not only does this help you prevent fraud, it also ensures that unapproved invoices get flagged, and corrected or pushed through as necessary. These layers of approvals keep your business compliant and reduce accounts payable risks. We make approvals easy with our automated invoice software. Set up automated workflows that not only keep your team organized and on task, but eliminates the manual processes that hold up your teams that traditionally have put your business at risk. If you are looking for more information on OnePosting and how it can greater benefit your accounts payable team, connect with us. Your accounts payable team carries out a great deal of responsibilities that have a direct impact on your organization, including reducing accounts payable risk. When you arm your accounts payable team with the right tools, they can uphold your vendor relationships, reduce costs associated with accounts payable processes and ensure that compliance standards are met through approval automation. OnePosting is the right solution for your accounts payable team to carry out these obligations. For many organizations, their accounts payable processes are carried out manually, which in turn makes compliance difficult to achieve and maintain, which increases risk. Without a proper automated process in place, your accounts payable team can increase risk if the following issues are not managed correctly;

• • Lack of visibility across accounts payable

• • Manual data entry

• • Lost or missing invoices

• • Fraud and security issues

• • Manual invoice matching

The greatest accounts payable risk is the manual approval process on invoices. With a solution like OnePosting, you can introduce approval automation to not only run your accounts payable department more efficiently, but also reduce risk.

How Does Approval Automation Work?

When automation is introduced to invoice management, manual errors can be eliminated in order to boost compliance and avoid issues or hold ups from reoccurring. With Oneposting, your accounts payable process can be automated right from the start – including invoice capture, matching, approval and query management, reducing errors and risk and upholding compliance.

Workflows Reduce Risk 

With OnePosting, you can use automation to delegate approvals, while setting due dates and reminders if needed. Not only do such work flows speed up the approval process, you can set specific parameters to ensure that approvals are going to the right people to ensure compliance is upheld, which we will explore next in great detail.

Set Up Approval Levels

Reduce risk with approval automation by getting the appropriate level of approvals in place. With OnePosting, you have the ability to set up a specific threshold or dollar amount on any invoice to get approval from specific team members. Not only does this help you prevent fraud, it also ensures that unapproved invoices get flagged, and corrected or pushed through as necessary. These layers of approvals keep your business compliant and reduce accounts payable risks. We make approvals easy with our automated invoice software. Set up automated workflows that not only keep your team organized and on task, but eliminates the manual processes that hold up your teams that traditionally have put your business at risk. If you are looking for more information on OnePosting and how it can greater benefit your accounts payable team, connect with us.