Accounts Payable Reconciliation Made Easy!
RapidAP makes tracking invoices and managing exceptions easier and faster. Accounts Payable Reconciliation was never this easy.
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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
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
* 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.
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.
“On day two of our live testing in New Zealand, the director of operations called me to ask not to take the product away”
~ Michael Thaler, Chief Financial Officer, Daiwa Living Nesuto Holdings Australia
“Efficiency Leaders’ solution has provided cost efficiencies and improvements in processes, resources and internal controls."
~ Kim Collins, Executive Manager of Finance of Twin Towns
"Thanks to the Efficiency Leaders solution, we have shortened AP tasks from taking two weeks to just one day! “
~ Maree Quizon, Senior Accountant, Royal Flying Doctor Service, QLD Section
"We can now go into our ERP software and click on a link to view the associated paperwork relating to the transactional information, which across 65 sites has been magic and saved a lot of phone calls and emails.”
~ Damien Frost, General Manager Finance, Brickworks
“Once again, I’ve been hearing nothing but praise from our AP Project members regarding your team. Thanks for being one supplier that makes my job easy”
~ Cameron Fisher, Procurement Partner, Integratedliving
“We were at crossroads: we either needed to invest further in staff or alternatively, invest in more efficient work processes and systems.”
~ Chris Davies General Manager of Remuera Golf Club
"We now have transparency with purchase orders being raised first in H&L. We have also gained visibility and control of our food and liquor costs."
~ The IT Manager of URBAN PURVEYOR GROUP
“The Efficiency Leaders team across the board has come together to ensure we have a solution that is robust and delivers on the requirements, whilst minimising our cost, which is a fantastic outcome.”
~ Gregg Liebenberg, Solutions Manager at Zespri International
"Thank you very much for your efforts to complete the RapidAP implementation and Go live for Hyundai."
~ ICT Project Manager - Hyundai Motor Company Australia
"We were looking for an accounts payable automation solution to handle our non-purchase order, purchase order and credit note invoice process, and provide two-way and three-way matching for straight-through processing. With over 250,000 invoices going through accounts payable each year in our division, we needed a solution that could handle the volume of invoices and number of users we require. We conducted an initial pilot in 2019 using Rapid AP in just a few select business units and found the solution met our requirements and we have since rolled it out to all business units successfully. With access to the controlling unit of our Rapid AP solution, we can make simple changes to the configuration, workflows, and perform ad-hoc admin tasks ourselves, which saves time, and allows us the autonomy that we desire. Based on our experience, I would recommend RapidAP and the team at Efficiency Leaders to any organisation with similar requirements from a specialist accounts payable automation software system."
Sam Nagra CFO, Sonic Pathology Australia Pty Ltd
"RapidAP is a modern digital electronic AP Automation workflow system that has substantially improved the timeliness and accuracy of the invoice process lifecycle for our Australian businesses. It provides efficient processes and workflows, is flexible, easy to use and has a robust control & approval framework which has provided us with both financial and non-financial benefits since implementation."
~ Christopher Wilks, CFO & Finance Director, Sonic Healthcare Limited
"During the testing stage, we actually had team members coming to me and wanting to push the go-live forward because they all wanted it straightaway. They could see the benefit of it, so adoption was overnight."
~ Matthew Abrahams, GM of Commercial Projects, Daiwa Living, Nesuto Holdings Australia
“I’m thrilled (and a little relieved) to see it (the AP solution) in action and to hear the genuine excitement, positive feedback and optimism for business efficiencies shared by our soon to be users."
~ Business Technology Owner Strategic Delivery, Lifetime Schemes – iCare NSW
“Thank you to you both and the teams involved in getting it all this far. I understand it has been complex and people have given their all and then some. This endorsement from Kat builds great confidence in me that CTP Care and the other Lifetime Schemes will have a meaningful solution to reduce file admin."
~ General Manager, CTP Care Lifetime Schemes
Michael Thaler, Chief Financial Officer,Daiwa Living Nesuto Holdings Australia
“On day two of our live testing in New Zealand, the director of operations called me to ask not to take the product away”
Kim Collins, Executive Manager of Finance of Twin Towns
“Efficiency Leaders’ solution has provided cost efficiencies and improvements in processes, resources and internal controls."
Maree Quizon, Senior Accountant, Royal Flying Doctor Service, QLD Section
"Thanks to the Efficiency Leaders solution, we have shortened AP tasks from taking two weeks to just one day! “
Cameron Fisher, Procurement Partner, Integratedliving
“Once again, I’ve been hearing nothing but praise from our AP Project members regarding your team. The feedback has been that nothing is ever an issue or too hard and they’re always accommodating of our requests and concerns. Thanks for being one supplier that makes my job easy”
ICT Project Manager - Hyundai Motor Company Australia
"Thank you very much for your efforts to complete the RapidAP implementation and Go live for Hyundai."
Sam Nagra CFO, Sonic Pathology Australia Pty Ltd
"We were looking for an accounts payable automation solution to handle our non-purchase order, purchase order and credit note invoice process, and provide two-way and three-way matching for straight-through processing. With over 250,000 invoices going through accounts payable each year in our division, we needed a solution that could handle the volume of invoices and number of users we require. We conducted an initial pilot in 2019 using Rapid AP in just a few select business units and found the solution met our requirements and we have since rolled it out to all business units successfully. With access to the controlling unit of our Rapid AP solution, we can make simple changes to the configuration, workflows, and perform ad-hoc admin tasks ourselves, which saves time, and allows us the autonomy that we desire. Based on our experience, I would recommend RapidAP and the team at Efficiency Leaders to any organisation with similar requirements from a specialist accounts payable automation software system."
Christopher Wilks, CFO & Finance Director, Sonic Healthcare Limited
"RapidAP is a modern digital electronic AP Automation workflow system that has substantially improved the timeliness and accuracy of the invoice process lifecycle for our Australian businesses. It provides efficient processes and workflows, is flexible, easy to use and has a robust control & approval framework which has provided us with both financial and non-financial benefits since implementation."
Matthew Abrahams, GM of Commercial Projects, Daiwa Living, Nesuto Holdings Australia
"During the testing stage, we actually had team members coming to me and wanting to push the go-live forward because they all wanted it straightaway. They could see the benefit of it, so adoption was overnight."
Business Technology Owner Strategic Delivery, Lifetime Schemes – iCare NSW
“I’m thrilled (and a little relieved) to see it (the AP solution) in action and to hear the genuine excitement, positive feedback and optimism for business efficiencies shared by our soon to be users."
General Manager, CTP Care Lifetime Schemes – iCare NSW
“Thank you to you both and the teams involved in getting it all this far. I understand it has been complex and people have given their all and then some. This endorsement from Kat builds great confidence in me that CTP Care and the other Lifetime Schemes will have a meaningful solution to reduce file admin."
Michael Thaler, Chief Financial Officer,Daiwa Living Nesuto Holdings Australia
“On day two of our live testing in New Zealand, the director of operations called me to ask not to take the product away”
Kim Collins, Executive Manager of Finance of Twin Towns
“Efficiency Leaders’ solution has provided cost efficiencies and improvements in processes, resources and internal controls."
Maree Quizon, Senior Accountant, Royal Flying Doctor Service, QLD Section
"Thanks to the Efficiency Leaders solution, we have shortened AP tasks from taking two weeks to just one day! “
Cameron Fisher, Procurement Partner, Integratedliving
“Once again, I’ve been hearing nothing but praise from our AP Project members regarding your team. The feedback has been that nothing is ever an issue or too hard and they’re always accommodating of our requests and concerns. Thanks for being one supplier that makes my job easy”
ICT Project Manager - Hyundai Motor Company Australia
"Thank you very much for your efforts to complete the RapidAP implementation and Go live for Hyundai."
Sam Nagra CFO, Sonic Pathology Australia Pty Ltd
"We were looking for an accounts payable automation solution to handle our non-purchase order, purchase order and credit note invoice process, and provide two-way and three-way matching for straight-through processing. With over 250,000 invoices going through accounts payable each year in our division, we needed a solution that could handle the volume of invoices and number of users we require. We conducted an initial pilot in 2019 using Rapid AP in just a few select business units and found the solution met our requirements and we have since rolled it out to all business units successfully. With access to the controlling unit of our Rapid AP solution, we can make simple changes to the configuration, workflows, and perform ad-hoc admin tasks ourselves, which saves time, and allows us the autonomy that we desire. Based on our experience, I would recommend RapidAP and the team at Efficiency Leaders to any organisation with similar requirements from a specialist accounts payable automation software system."
Christopher Wilks, CFO & Finance Director, Sonic Healthcare Limited
"RapidAP is a modern digital electronic AP Automation workflow system that has substantially improved the timeliness and accuracy of the invoice process lifecycle for our Australian businesses. It provides efficient processes and workflows, is flexible, easy to use and has a robust control & approval framework which has provided us with both financial and non-financial benefits since implementation."
Matthew Abrahams, GM of Commercial Projects, Daiwa Living, Nesuto Holdings Australia
"During the testing stage, we actually had team members coming to me and wanting to push the go-live forward because they all wanted it straightaway. They could see the benefit of it, so adoption was overnight."
Business Technology Owner Strategic Delivery, Lifetime Schemes – iCare NSW
“I’m thrilled (and a little relieved) to see it (the AP solution) in action and to hear the genuine excitement, positive feedback and optimism for business efficiencies shared by our soon to be users."
General Manager, CTP Care Lifetime Schemes – iCare NSW
“Thank you to you both and the teams involved in getting it all this far. I understand it has been complex and people have given their all and then some. This endorsement from Kat builds great confidence in me that CTP Care and the other Lifetime Schemes will have a meaningful solution to reduce file admin."
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
Twin Towns
Accounts Payable
Royal Flying Doctor Service
Accounts Payable
iCare Insurance
Accounts Payable
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!
