What is accounts payable in SAP workflow?
The AP process is responsible for paying suppliers and vendors for goods and services purchased by the company.
Armed with automation capabilities, AP teams can easily decide when to pay invoices (to avoid late fees or capitalize on early pay discounts) as well as how to pay (via paper check, ACH, or through virtual cards where you earn cash-back rebates). Organizations, in turn, gain more control over outgoing cash and can even transform AP from a cost centre to a profit centre.
Four stages of Accounts
Payable Process
1. Receive
the
invoice
2. Review
the
invoice
3. Approve
the
invoice
4. Paying
suppliers
/vendors
Our clients
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Benefits of Accounts Payable Workflow in SAP
Centralized approach
You can submit invoices, manage approvals and process payments through a single platform
Reducing manual work
Account payable reduces manual work because of the centralized approach of handling documents
Accuracy
Elimination of duplicate invoice settlements and overpayments
Time saving
Reduction of time and expense associated with audit processing
Profit from AP
Ability to leverage vendor discounts through awareness, tracking, and visibility.
Technology experts
Technology we use to provide our services is developed by world leading technology companies.
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Works within SAP to streamline & automate the Accounts Payable process.
OpenText VIM or “VIM” optimizes and simplifies the process of receiving, managing and monitoring invoices for AP personnel and vendors. VIM automates and streamlines the Accounts Payable (AP) process for SAP customers. VIM is also rapid to deploy at a predictable cost , reduces compliance risks; and boosts AP team members productivity, overall process review and approval management.
It is time for a new, digital approach that transitions manual invoice processing to streamlined invoice management with xSuite Cube.
By processing vendor invoices quickly, accurately and efficiently, organizations can enhance worker productivity, cash flow and vendor relations. xSuite Invoice Cube (formerly ‘xFlow Invoice SAP’) is fully SAP-integrated and optimizes the process of receiving, managing, routing and monitoring invoices.
Stakeholders involved in any invoice problem efficiently access invoice information, such as relevant PO number, status of invoice payments and more.
