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AP Automation FAQ's

• What is a accounts payable automation?

  Accounts payable automation is a type of digital transformation initiative that expedites invoice processing by reducing manual touchpoints during the invoice approval process. Accounts payable process automation often includes digitization of invoices, automated invoice data capture, automatic approval of invoices, and automatic posting of the invoice to the accounting system. Some of the key benefits of accounts payable automation are enhanced efficiency, control, and visbility within the accounts payable process.

• Why should you automate accounts payable?

  You should automate accounts payable for 4 key benefits: improved operational efficiency, enhanced visibility, greater control, and less cost especially as related to invoice processing. The goal of accounts payable automation is to minize human interaction within the AP process, which also means freeing up intellectual resources and reducing managerial involvement at every step of the process.

• Why is accounts payable automation important?

  Accounts payable automation is important because without it, the accounts payable process is less scalable, more expensive, slower, and riskier process. Not only does AP automation accelerate the process, it also adds significant security and accuracy to the end-to-end process including enhanced auditability.

• 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.