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Rapid AP is a smart process application developed by Efficiency Leaders that automates manual accounts payable processes for mid-sized organisations. It can dramatically reduce processing time with smart plug and play architecture.
The solution leverages leading technologies, for extraction and validation of supplier invoice data, coupled with business rules to manage exceptions. Workflows include receipt, approvals, GL coding and escalations, prior to being submitted to the finance system.
The manually intensive process of receiving invoices from paper or email is automated, automatically classifying and performing data validation tasks, before sending the digitised invoice to the organisation’s finance or ERP system.
Rapid AP enables organisations to reduce processing costs, increase the visibility of cash flow and allow human resources to concentrate on higher value activities, improving productivity. Furthermore, organisations that take up this exciting offering will be able to leverage their initial investment by extending the platform’s automation capabilities beyond Accounts Payable.
By reinvesting the cost savings and productivity gains realised from the first phase of automation, organisations can essentially create a self-funding, continuous improvement plan for their business. The platform can be extended to cater for process improvement initiatives across the entire Procure to Pay process, Rapid is the answer!
Rapid AP is able to be deployed in the cloud or on-premise depending on requirements and costs. For a small monthly investment, your organisation can achieve amazing returns.