Accounts Payable Automation

Accounts payable departments are typically swamped with incoming business documents. From the generation of purchase orders to the receipt and approval of invoices and goods received notes, accounts payable staff have the most to gain from working with Twofold.

Many industry studies have concluded that paper processing of accounts payable documents is costing organisations millions of pounds unnecessarily. But when you talk to accounts payable staff they know how to improve their processes, they just need the technology to help.

At Twofold we have listened to our customers and developed a solution based around their needs. We don’t replicate or replace the accounting system or require months of consulting fees to implement a complex solution. Instead we rapidly deliver an application that works with your existing accounting system and immediately solves the processing and paper handling issues.

Benefits:

• Works with your existing accounting software
• Immediate removal of paper
• Reduce cost of process by up to 72%
• Ease of use ensures total adoption
• Ensure control and compliance

• Reduce time and cost to process purchase invoices
• Timely and accurate reporting within the accounting system
• Access to prompt payment discounts
• Avoid late payment penalties
• Avoid embarrassing unpaid bills leading to suppliers putting you on ‘Stop’
• Eliminate ‘lost’ invoices during approval process
• Enhance supplier relationships focusing on reducing costs
• Controlled processes (monitoring PO compliance, Approver response rates, exceptions etc)
• Improved staff morale and ability to focus on more ‘value add’ tasks.

If your AP team are manually keying invoice data into your accounting system you will know the time and effort this takes. However, whilst on average a Twofold user can cut this job in half the real return on investment has come from the control and cash flow management improvements.

Twofold have worked in this space for over 10 years and we have evaluated all the leading solutions and believe we have the ability to deliver a truly world class solution. Our technology is used by thousands of customers to improve their AP or P2P process.

If you use any idustry leading accounting software such as SAP, Oracle, JD Edwards, Dynamics, Agresso, CODA, Sun, SAGE, QAD, Lawson, Cedar, Movex or Access then we have an integrated / certified solution to improve your business.

Other Applications

For more information please contact us