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Robotic Process Automation in Accounts Payable

Growing up in Ireland in the early 1970’s, we had one TV station.  Unless of course you lived on the east coast of Ireland and had an arial on your roof that enabled you to receive the BBC and ITV stations broadcast from the UK. 

I know it’s hard to imagine today with all of the TV stations, YouTube, TikTok, Reels and all of the other streaming services that are available. In single-channel TV land, a friend invited me over one day to watch Dr Who, (a British sci-fi drama series that began in the 1960’s and is still running today, 60 years later!). 

Unfortunately, the only memory I have of that program is ‘daleks’.  They looked like upside-down armored trash cans on wheels, with large rivets, and two ‘lasers’ on the front.  They shouted ‘Exterminate’, ‘Exterminate’ whenever they encountered humans. 

The hype about Robotic Process Automation in Accounts Payable makes me wonder if people processing invoices in accounts payable fear robots coming to ‘Exterminate’ their jobs?  Let’s look at the reality. 

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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.

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AP Automations Tools: Why OnePosting Should Be Your Preferred Solution

Experience the revolutionary power of OnePosting, the future of ap automation tools, trusted by tens of thousands of global users every month. OnePosting isn’t just a tool; it’s a comprehensive solution that transforms your business operations. Let us give you 10 compelling reasons to deploy OnePosting:

 

1. ZERO Error Data Extraction: Our sophisticated technology guarantees 100% accuracy in data extraction, eliminating the scope for human error and ensuring flawless results.

2. Intelligent Interpretation: We are experts in invoice management. Our smart software taps into this knowledge base, ensuring your invoices are interpreted correctly interpreted.

3. Exception Handling with Rules-Based Automation: Never let unexpected situations throw you off. Our solution skillfully handles exceptions, ensuring smooth operations.

4. Integration across Multiple Data Sources: Our software effortlessly matches invoices against purchase orders and receiving transactions, regardless of the system you used to record them. 

5. Supporting Multiple Data Outputs: We don’t stop at updating your financial system; our solution also provides outputs to other applications such as Business Intelligence, enhancing the value we offer.

6. Security Shield: With OnePosting, your core financial systems are shielded against fraud and malware, fortifying your defence against cyber threats.

7. Minimized Adjustments: Say goodbye to complicated adjustments. We ensure that only approved invoices are posted to your purchase ledger, simplifying your operations.

8. Compliance Assurance: Every invoice must strictly adheres to corporate purchasing and authorization rules, taking the burden of compliance off your shoulders.

9. Audit-Ready at all Times: With a detailed audit trail for every transaction, your auditing process becomes a breeze. We even offer you the ability to give auditors a login to reduce your workload further.

10. Speedy Processing: With OnePosting, watch your invoice processing times plummet, and your period-end closes speed up. 

When it comes to AP automation tools OnePosting is the top choice that brings the benefits of smart, secure, and seamless accounts payable automation to your business. Transform your financial processes and gain a competitive edge, with a positive impact on your bottom line. If you are looking for more information on OnePosting and our AP solution, connect with us.