Automate Accounts Payable & Improve Vendor Management (AP Best Practices)

Explore Accounts Payable best practices for automating AP and improving Vendor Management within your organization.
Paper-based Accounts Payable departments with manual processes remain commonplace, and many organizations are quickly pursuing an enterprise strategy to efficiently manage invoice capture, extraction, integration, and approval processing. Further, tracking hundreds or even thousands of vendor relationships is critical to business operations - but it becomes a burden when vendor information is managed in scattered, disparate locations. Consolidating all vendor information and interactions for easy accessibility provides an efficient, 360 view of the relationship for improved procurement, AP exception management, decision making, and historical context.
This video focuses on some of these Accounts Payable best practices:
- Reduce AP asset & processing costs
- Review AP Stages of Automation since “one size does not fit all”
- Recognize best practices for early capture, integration & approval processing
- Standardize vendor information & interactions for improved decision making
- Improve visibility to the entire vendor relationship
TIMESTAMPS
0:00 Why Companies are Automating
1:47 Automating More Than Invoices
2:16 Stages of Automation
6:35 5 AP Automation Best Practices
7:51 1. Early Capture & Process Automation
10:04 2. Integrate
15:05 3. Reduce / Eliminate Manual Entry
16:56 Bonus: Intelligent OCR
19:01 4. Reporting
19:48 5. Consolidate
21:42 Tools & Considerations
22:26 Conclusion
RESOURCES & LINKS
➞ More on Accounts Payable Automation - bit.ly/3jt7E2E
➞ More on OnBase Software - bit.ly/2G8toDs
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[@AdelitaWilliam-dl7ci]

I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.