Accounts Payable Automation

Accounts Payable is often a neglected back-office process, seen as a necessary part of your organisation – but not optimised to actually improve efficiency. In many cases, the manual and paper based nature of these processes can even be a costly bottle neck, causing delays and errors.

So how do you change things around and make your AP processes improve your business performance? With Accounts Payable Automation, you can transform your processes and gain efficiency, compliance and real insights to your entire operation.

Increased Processing Speed and Reduced Processing Costs

Embrace Financial Process Automation using our platforms Kofax and OnBase to allow you to capture mailed, emailed and electronic invoices automatically as soon as they are received. This will minimise data entry delays using intelligent automatic recognition and therefore reduce data entry costs.

Using the latest 6th generation technology we are automating departments for the first time or replacing their out of date first to fifth generation capture tools.

See our blog page for the latest insights and industry updates.

Call us on 0118 951 9800

What are the benefits of Accounts Payable Automation?

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Reduce processing costs

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Increase processing speed

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Better data quality

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Improved control

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Optimised cash management

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Real-time AP performance management

Have you tried AP Automation without success?

Ten years after Accounts payable automation became a viable solution for businesses to improve their processes with, there still exists two major problems and depending upon which you face the same answer could solve both.

Firstly, many teams looked at early technology based on OCR (Optical Character Recognition) and rejected it as unsuitable to solve their issues. These firms still struggle on with manual processes and key every invoice into their ERP by hand. This task is boring, repetitive, error prone and costly. It takes too long to realise the true state of commitments or accruals and leads to demotivated staff, too much cost and poor supplier relations.

Secondly, many firms accepted that early technology wasn’t perfect but preferred it to staying with all the issues of manual processing. However, any company struggling with outdated technology using 1st to 5th generation solutions will be at a serious disadvantage to their peers who have adopted the technology recently. Imagine what a phone or camera looked like ten or even five years ago and you quickly realise that unless you are investing in the technology that processes your invoices, it too will be out of date and costing your company time and money. Most firms update their AP automation system every 18 months to 3 years, speak to Twofold to find out if yours can be improved. Speak to Twofold about what Financial Process Automation software can do for your business to increase efficiency and reduce errors.

A world class platform, from a world class provider

For over ten years, Twofold, have been automating accounts payable departments to deliver leading levels of efficiency and control. The platforms we use, Kofax and OnBase, are world class and used by tens of thousands of organisations, and depending upon the solution could be either or a combination of both. Our team has years of experience in deploying the technology for accounts payable teams in both domestic, pan European or global shared service centres.

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Kofax Total Agility

As a Diamond partner of Kofax, Twofold have invested in the skills required to implement and support your Kofax environment. TotalAgility is easy-to-use for modelling, design, analysis, simulation and testing of processes.

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ECM -OnBase

ECM is an umbrella term that typically encompasses various technologies. Whatever format your business takes, from paper documents to electronic data streams, OnBase can capture it all. making it available from one central place.

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Departmental

Our technology is designed to work in a way that works with your business. Some of our customers buy the platform to deploy department by department, others choose to solve one problem at a time knowing the technology will grow into a strategic solution that fits their IT architecture.

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RPA - Kapow

Kapow is the world’s leading data acquisition and integration software solution, unique in its ability to give business users the ability to build a suite of applications without any scripting or programming skills.

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Business Intelligence

If your business is looking to improve decision making, reduce costs and maximise efficiency, then an investment in business intelligence is a great way to identify opportunities for improvement.

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e-Forms

Become efficient from first contact with your customers. Connect across all devices with intelligent eForms to provide fast service tranformation with flexible integration.

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Integrations

Whether your software is run locally or deployed in the cloud, Twofold has the ability to link to over 500 back end applications either with certified connectors, standard interface methodologies.

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SignDoc™ e-Signature

Leading organisations in banking, insurance, retail and many other industries worldwide now use SignDoc®. Reduce your operational costs, speed time to closure, improve customer satisfaction, stay compliant and operate securely.Read More »

Accreditations & Partners