FAQ's

• How long is the implementation process?

  At CloudX our team of experts take a personal, customized approach to systems integration. We take the time to make sure you’re comfortable with all of APSmart’s capabilities and that you have a seamless transition in your day-to-day operations. For that reason, implementation can take as long as eight weeks, during which we work behind the scenes to give you a single, streamlined automation solution and ensure your team knows how to use it.

• What about the tools I’ve already invested in?

  Our APSmart technology helps to seamlessly integrate your existing ERP and other digital tools, in order to eliminate inefficiency and multi-tool use wherever possible. Our goal is to build on what you’ve created, streamline your existing processes, and allow a smooth, user-friendly transition into the future of business.

• How are CloudX services different from other platforms and tools?

  CloudX offers complete, end-to-end AP automation and document processing solutions to make operations smoother and financial insights more accessible to decision-makers. Not only do we bring today’s solutions to the table, but our intuitive and flexible services will also continue to adapt to your internal and industry-wide changes. Scale your business with versatile tools that take you from the dark ages to the Cloud Age.

• Why invest in automation?

  Carefully considering business investments is important. Fortunately, CloudX’s adaptable technology pays off big for your business, in more ways than one. Not only will you save valuable human resources and better apply your team’s skills to higher-order tasks, but you can also monetize the process while automating it. Believe it or not, we’ve established a pathway to monetize your AP process and have helped clients earn up to 60 percent cash back on accounts payable transactions.

• What is requisition processing?

  Requisition processing is the workflow which approves or denies requests to make purchases on behalf of the company. Generally, requisition processing involves PO creation, routing of PO's to appropriate approvers, and approval or denial of the purchase requisition.

• Who prepares purchase requisition?

  Purchase requisitions are generally prepared by the party that is interested in making a purchase for the company. The purchase requisitioning process is usually set up by leaders in the finance department including the AP manager, controller, or CFO.

• What is the purpose of a purchase requisition?

  The purpose of a purchase requisition is to approve or deny a purchase request from a party within an organization. Depending on the purchase or purchasing party, the purchase requisition may be approved by any number of leaders within an organization.

• What is purchase requisition example?

  An example of a purchase requisition is a controller who wishes to buy a new laptop for a team member. This purchase requisition will likely exist in the form of a purchase order which may or may not include additional reasoning or direction for why this purchase needs to be made. In this example, the purchase requisition would be approved be a member of leadership within the company, which may be a CFO or or C-level executive.