Accounts Payable Reconciliation Made Easy!

 

RapidAP makes tracking invoices and managing exceptions easier and faster. Accounts Payable Reconciliation was never this easy.

Accounts Payable Reconciliation

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The Problem – Why should you automate your Accounts Payable Reconciliation?

Manual Accounts Payable Reconciliation is prone to frauds, inaccuracies and lack of visibility and control

50% of businesses say that a lack of visibility into their AP processes is a major challenge

Manual Accounts Payable Reconciliation can cause payment delays and frauds

One out of every four Invoices requires manual intervention due to exceptions

Accounts Payable Reconciliation

The Solution – Accounts Payable Reconciliation with RapidAP

With our Accounts Payable Reconcilliation add-on, you can

Gain 100% Spend Visibility

Achieve 100% Data Accuracy

Efficiently Manage all Exceptions

How does our AP Solution Work?

An Intelligent and Flexible Solution to your AP Problems

AI Data Capture

Our OCR technology analyses and creates patterns with each extraction to ensure data accuracy. Invoices in XLS or CSV format can bypass OCR and go directly to RapidAP and fast-track reconciliation.

Document Library

RapidAP has an in-built library that provides you with visibility of all the supplier statements in the system and records a complete audit history of every interaction with each document.

Reconciliation Workflow

The solution identifies and classifies statement line items based on business rules, and matches them to open items in the ERP system.

ERP Integration

Automation makes the statement reconciliation process faster and more accurate. Leveraging existing systems drives efficiency and provides a platform for future process optimisation initiatives.

Check out how much you can save with AP Automation!

Free Accounts Payable Processing Costs Calculator

Use our Accounts Payable Processing Calculator to compare manual invoicing costs with automated invoicing costs and see how much you can save by automating your Accounts Payable.

Remember our RapidAP reduces your costs by 82%. Use it as a benchmark when choosing an Accounts Payable Automation Software.

%

Reduction in Invoice Processing Cost

%

Reduction in Manual Data Entry

%

Data Accuracy

Contact Details

ANNUAL COST PRE AUTOMATION $121,123,12
$9.94per Invoice
ANNUAL COST POST AUTOMATION $121,123,12
$9.94per Invoice

* Including implementation costs

The calculation is generated with a computer driven mathematical model and relies on user input. Future costs estimates are based on many assumptions and may fluctuate. These estimations are intended as a guide only.

$9.94Months for ROI
0%Non-PO

What are our Customers Saying

Efficiency Leaders has helped several companies streamline their Financial Processes and become more efficient while saving costs and improving profits. Look at what our clients have to say about our solutions.

Check out our RapidAP Interactive Demo

RapidAP is Australia’s #1 Accounts Payable Automation Software. Reduce your invoicing costs and make your process faster and more efficient with this solution. Check out the Demo to see the magic of RapidAP with your own eyes

 Why Choose RapidAP?

A Future-proof Accounts Payable Automation Solution with Real Results!

Touchless Experience

RapidAP’s machine learning and AI capabilities clubbed with the latest OCR technology guarantee a touchless experience for your AP team.

Smooth User Adoption

Our user-friendly interface design and rich functionality ensure the highest user adoption rates for any AP automation solution.

Personalised Experience

Our solution comes with business rules flexibility that enables organisations to cater to changes as and when their business and processes dictate.

Rapid Return on Investment

RapidAP starts reducing your invoice processing costs from day 1 ensuring you get your returns within 6-18 months of deployment.

Our Solutions Integrate with all the Major ERPs

Integrate our solutions to your ERP

RapidAP is easy to integrate with more than 98% of the ERPs available in the market. Our team works with you to ensure our solution is integrated with your ERP seamlessly and quickly.

Our Happy Clients

Read our Case Studies

Frequently Asked Questions

1. What is Accounts Payable Reconciliation?

Accounts Payable Reconciliation is the process of matching and verifying the financial records of a company with the invoices and payments received from its suppliers.

2. Why is automating Accounts Payable Reconciliation important?

Automating Accounts Payable Reconciliation can help to reduce errors, improve efficiency, and save time and money. It can also provide greater visibility into the accounts payable process and help to identify potential issues or fraud.

3. What are some benefits of automating Accounts Payable Reconciliation?

Some benefits of automating Accounts Payable Reconciliation include improved accuracy, faster processing times, reduced costs, and increased transparency and control.

4. What makes RapidAP the best Accounts Payable Reconciliation Solution?

When we compared our metrics with the best-in-class AP solutions, it was found that RapidAP achieved a higher reduction in keystrokes, invoice payment time, and invoice processing time.

Moreover, our cost reduction and reduction in document preparation rates are significantly better than any other company.

Get a Step Closer to

Efficient Accounting with Efficiency Leaders’ Solutions!

AP Solution

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