Accounts Payable Automation

Save time, money and frustration

The Challenge

The average cost to manually process an invoice is $22.75. The average time it takes to process an invoice is 16.3 days. This ends up costing your business in the form of labour, late fees, and printed paper cost.

The Solution

In a nutshell, our solution is used by your accounts payable department and by invoice approvers to automate your accounts payable process, with a focus on these key steps:

How does it work?

Accounts Payable Automation

1. Capture

Intelligently index all incoming invoices

The power of our solution starts with intelligent indexing and assisted machine learning and extracts data from any invoice. This critical indexed data is the heart of the solution, as it drives workflow processes. Our solution replaces error-prone and time-consuming data entry by recognising and recording all the data printed on invoices.

padlock and database storage

2. Secure Storage

Effortlessly archive and retrieve digital documents

All invoices are stored within a secure, accessible repository, tightly organised based on captured index data. Apply retention policies, rapidly collect for audits, or analyse for departmental process improvements. Access anytime, anywhere, from any device — including mobile.

data download

3. Automated Workflow

Digitally route for approval and post-back

Digitally route invoices through approval chains for faster decision-making, or initiate a straight-through approval based on predefined rules. Quickly handle exceptions while maintaining visibility throughout the process. Create a booking record for easy integration with your ERP system.

What's in it for me?

Increase availability and reduce maintenance costs

Streamlines your accounts payable

Process invoices with maximum speed and accuracy while minimising any unnecessary involvement from your accounts payable team.

Save money in piggie bank

Saves you time and money

The average cost to manually process an invoice is $22.75. The average time it takes to process an invoice is 16.3 days. This ends up costing your business in the form of labour, late fees, and printed paper cost.

An accounts payable automation solution reduces the number of hours staff spend processing invoices.

Invoice onboarding

Simplifies onboarding for suppliers and different invoice types

An accounts payable automation solution uses the latest in machine learning technology to reduce the effort of onboarding new suppliers and working with different invoice formats.

Invoice Approval

Speeds up your invoice approval process

Save your accounts payable department time and empower them with actionable real-time data. Avoid all the bottlenecks, miscommunication and frustration of a manual approval process.

How is it implemented?

Available as a preconfigured cloud solution. Fast to launch, fast to value.

Our solution for invoice processing is available as a cloud-based, preconfigured solution that provides everything you need: workflows, document templates, user profiles, security configurations and more.

Deployment Options

cloud software

Deploy in the cloud

Our solution for invoice processing is available as a cloud-based, preconfigured solution that provides everything you need: workflows, document templates, user profiles, security configurations and more.

Application windows

Integrate with your other applications

From email to ERP to accounting system to CRM, CoreForm’s comprehensive integration capabilities keep systems in sync and your team confident in its data.

Software partners we work with

Ready to get started?

To learn more about how an accounts payable automation solution can help your business, get in touch to organise a personalised demo and a free 30-day trial.