Sage Intacct Invoice Processing & Invoice Automation Software
Published on: 25 October 2021
Businesses incur more than $2.7 trillion annually in administrative costs, but analysis by Goldman Sachs shows that automating your AP and invoice processing can reduce costs by up 75% and dramatically improve productivity.
The cost to process one invoice manually averages nearly $13 — three times the cost of automation. That doesn’t include the cost (or time) involved in fixing errors, additional fees for late payments, or tracking down invoices lost in the approval process.
Advances in software platforms over the past few years have proven effective at reducing time and costs for finance teams. For example, Rillion AP Automation is a cloud-based solution that handles complex approval workflows to streamline approval processes. Invoice capture, processing, automated PO matching, and a searchable invoice archive provides users with complete control over supplier invoices and a transparent audit trail for audits or investigations.
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Rillion Invoice Processing Automation provides:
These are just some of the reasons that 96% of Rillion customers say the platform fulfilled their expectations and 95% consider Rillion to be a worthwhile investment.
Rillion integrates with Sage Intacct for a complete end-to-end solution for AP teams. With an integrated solution, Rillion’s AP Automation for Intacct provides a flexible approval workflow — including invoice approval by email. Features include invoice data capture, automated workflow, 2 & 3-way PO matching, seachable archive and audit, and automated management of recurring invoices and contracts.
While Sage Intacct automated invoice processing has extensive functionality, Rillion’s AP automation adds additional layers of capabilities to add even more time and savings for everyone involved in the purchase and reconciliation process.
Here are some of the key benefits of integrating the Rillion invoice processing system with Sage Intacct:
Rillion’s invoice processing automation for Intacct speeds up invoice capture, invoice processing, and invoice approval in several ways:
Integrating Rillion’s AP automation software with Intacct helps to:
Rillion AP automation is customized to design Intacct AP workflows based on your unique business rules. Routing and approvers can be altered without having to resort to expensive developer costs for code.
Rillion invoice processing system’s integration with Sage Intacct will speed up the invoice lifecycle, allowing you to not only pay your bills promptly, but also to take advantage of potential early payment discounts without upending your approval process and compliance requirements. This is challenging to manage in a manual AP process, which is why less than 21% of early-payment discounts are unclaimed by businesses, according to the Institute of Finance Management.
Besides complete audit trails on every invoice, you also get a dashboard with real-time reporting on KPIs. You see the big picture at a glance with the ability to drill down to find relevant data on any item. This helps you spot bottlenecks more easily, find areas for improvement, or identify noncompliance with business rules or spending policies.
You can also monitor the performance (and productivity) of AP staff, teams, or departments.
With the move to remote and hybrid workforces, a cloud-based solution using Rillion invoice automation software and Sage Intacct provides a perfect solution. Data is secured in the cloud, but accessible by authorized users, so work can be done from any connected device, regardless of where AP teams or managers are working.
Rillion AP Automation and Sage Intacct Automated Invoice Processing
To learn more about how Rillion and Sage Intacct work together to provide a complete end-to-end automation process for accounts payable, contact the AP automation experts at Rillion today or schedule a demo.