RapidAP for Manufacturers
We’ve helped numerous manufacturers to automate their accounts payable and take the leap to their digital transformation
Partnering for success
Creating full transparency over the invoice life-cycle and antifraud detection
Manufacturers are among the companies that have the most invoices to process due to their numerous suppliers and partners involved in the business.
RapidAP provides a transparent and flexible framework from invoice capture to approvals via OCR and flexible business rules; all of this is recorded into your task library.
Manufacturer’s Digital Future [Be Digital Ready For 2021]
Key Manufacturers challenges we can help you with
On average, we reduce our clients’ costs by 82%
Full Visibility Over The Invoice Life Cycle
Our solution provides a user-friendly invoice & tasks library that enables teams to cooperate, escalate invoices to the right user and have a clear understanding of the situation.
Clear Understanding Of Your Work
Transparency is key when it comes to AP automation and that is where reporting comes into place. Our report page enables companies to grasp their pain points and act accordingly.
Different Levels Of Authority For Faster Approvals
Approval is a key concern among manufacturers. Our solution allows to create approval rules that can suit your company’s structure and automatically send the invoice to the right user’s dashboard for fast approval.
Data Capture with AI-Driven OCR
RapidAP solution provides an in-built OCR, ABBYY, which is considered to be the leader on the market. Our average key stroke reduction is among the best in the industry and reduces manual data entry by 90%.
Integrated Engine Business Rules To Match Your Structure
We understand that your company has its own structure and requirements. That is why we created a flexible and intuitive business rules engine that caters to 90% of companies needs out of the box.
Straight-through-process is the ultimate goal for any company seeking to automate their AP function. Our holistic solution, condensing an OCR, a business rules engine and seamless integration enables companies to achieve a straight-through process even with Non-Purchase Orders.
Bala Kothandaraman, GM, Information & Communication Technology
“The technology is extremely good. We had to get 100% of all invoices approved through the system, and we had to eliminate 100% of manual handling. We’ve succeeded in achieving both goals.”
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Discuss with one of our business analysts your current situation and find out more about RapidAP capabilities.