Reimagine Your Accounts Payable Department
Use smart automation to speed invoice processing and do more with less.
The transactional processes that support Accounts Payable departments are the most prime activities for automation in Finance & Accounting, according to recent research. Sixty-five percent of invoices still arrive on paper or via email and printed, leaving ample opportunity for modernization and process improvement using today’s smart technologies.
Inefficiencies in AP are widespread… but they don’t have to be
Process inefficiencies in Accounts Payable affect both the AP and the Finance functions, from too-long invoice cycle time to an abundance of errors, lack of visibility, high costs, regulatory risk, and a lack of control over liabilities. Most, if not all, of these challenges can be solved with intelligent automation of invoice and financial documents processing.
Real-life results of Accounts Payable automation
400%
increase
in employee productivity
30%
less time responding
to inquiries
91%
lower invoice
processing costs
12%
fewer late payments
81%
faster invoice
processing time
Power Intelligent Automation in your AP department
ABBYY takes a process-first approach to expediting and improving Accounts Payable processes. Using our Process Intelligence technology, we can help you identify the precise process areas that are costing you the most time and money. This is where automation can have greatest impact.
Next, we help you implement an intelligent invoice processing flow. Using artificial intelligence (AI) technologies such as machine learning, neural networks, and natural language processing, ABBYY’s invoice processing solution automates invoice capture, recognition, field extraction, and validation of data, delivering it to organizations’ workflow and accounting systems to provide an end-to-end Accounts Payable solution. It can also process other documents such as purchase orders, receipts, and bills of lading.
Looking to automate AP processes?
We have a skill for that.
Free connectors with market-leading solution providers
ABBYY smoothly plugs into corporate standards and information systems – RPA, CRM, ERP, BPM, ECM, and accounting systems – and makes business processes smarter, faster, and more responsive.
How the solution works
Ready to try it out?
Process up to 200 of your invoices free of charge with our cloud-based invoice processing service.
Expense reporting with ease
ABBYY mobile capture assists with expense management, providing an easy, convenient way to capture data from receipts for further processing, using an app or mobile website.
Capture, Track, and Manage Expenses the Easy Way
Receipt processing shouldn’t waste your valuable time and resources in AP. ABBYY’s expense management solution streamlines and improves expense reimbursement processes. Learn more.
Customer stories
Costain, the leading smart infrastructure solutions company serving the UK’s energy, water, transportation and defense markets transformed its procure-to-pay operation and upskilled its finance team.
Hardware & Software
Content capture
Document processing
Commercial property consultancy Lambert Smith Hampton revolutionized their AP process, taking the next step in digital transformation.
Real estate
Accounts Payable
PepsiCo looked for a solution to eliminate the time and labor-intensive job of keying invoice and credit data into SAP manually.
Food & Beverage
Accounts Payable
Related assets
How to (Finally) Achieve Procure-to-Pay
Download our infographic to learn what is procure-to-pay (P2P) and how you can improve your P2P processes.
Transforming AP Operations: More Than Adding Automation, It Requires Content Intelligence
This report explores key findings from SSON's Global State of AP Automation Survey in partnership with ABBYY. Industry case studies and subject matter expert interviews are included to demonstrate how to apply learnings from the results.
Go Beyond OCR to Raise the Bar on Cash Flow
Download this eBook and learn how to use Intelligent Document Processing to improve Accounting data quality.
Is Your AP Automation Stuck in the Past?
This infographic explores how to improve Accounts Payable departments with modern AP automation solutions.
Intelligent Automation of Accounts Payable Invoice Processes
This solution brief explores how ABBYY provides Accounting Departments the most intelligent, scalable, and flexible invoice processing solution on the market.
Seize New Opportunities for Improving Cashflow
With this list of insightful questions about your accounting operations, you can identify whether your organization “needs to do better” or is “good” in various aspects.
Drive Greater Business Value from Modern Cashflow and Payments with Intelligent Invoice Processing
This report, produced by SSON and sponsored by ABBYY, explains how to streamline accounting processes to prioritize customer experience.
Town Hall | The Accounts Payable Automation Answer Forum
Watch this virtual town hall meeting and learn from our panelists as they explore these questions about AP automation.
Related products
ABBYY Timeline
Do more with the only end-to-end process analytics platform built to transform your entire business.
ABBYY Mobile Web Capture
A JavaScript based SDK that can be embedded into your onboarding processes to automatically capture any document using a mobile camera within a webpage.
ABBYY FlexiCapture for Invoices
A business-ready solution for automating the capture of invoice data. It enables organizations to dramatically increase the productivity of accounts payable processes, while lowering cost.
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Find out how ABBYY Intelligent Automation solutions for Accounts Payable Automation can address your needs.
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