Accounts Payable AutomationÂ
Streamline your Accounts Payable automation operations and empower your AP team with intelligent invoice workflows through Precise AP Automation Suite, designed specifically for Epicor Kinetic.
These workflows combine AI-powered invoice capture, purchase order matching and automated approvals to reduce manual work and improve invoice visibility. Supported Peppol eInvoices feed into the same process, keeping your accounts payable operations consistent across invoice channels.
Faster, Easier, Smarter AP Processes
Managing accounts payable (AP) can be cumbersome and error-prone, often hindered by paper-based processes and manual data entry. With Precise AP Automation software, businesses can transform their AP department into a model of efficiency, visibility, and control. Our accounts payable automation solution, designed for seamless integration with Epicor Kinetic, automates every stage of the AP process thanks to the AP automation software, from invoice capture to ready-for-payment, making your operations faster, easier, and smarter.
As part of our comprehensive enterprise resource planning solutions, Precise AP Automation Suite ensures that your financial workflows are seamlessly integrated with other business processes. With the expertise of Precise Business Solutions, you gain access to cutting-edge tools that align your accounts payable operations with your broader ERP goals, enhancing scalability and performance.
The Challenges of Accounts Payable Without Automation
Most businesses struggle with common AP challenges that slow down invoice processing and increase costs:
- Manual data entry that is prone to errors and delays.
- Paper-based workflows that can easily misplace invoices and lack transparency.
- Delayed payments, leading to missed discounts, strained supplier relationships, and potential penalties.
- Inefficient approval processes, causing bottlenecks and loss of control over spending.
- Limited visibility, preventing real-time insights and strategic decision-making .
Without accounts payable automation software, these challenges can drain resources, reduce profitability, and potentially leave your company vulnerable to compliance risks and fraud.
How Precise AP Automation Solves AP Problems
Precise AP Automation Suite delivers efficiency, visibility, and control through cutting-edge automation, tackling AP challenges at their core with an intelligent accounts payable automation solution:
- Efficiency: Automating repetitive tasks like invoice data entry and matching accelerates processing times, freeing your team to focus on value-driven activities.
- Visibility: With real-time tracking of invoice statuses and approval workflows, your AP team can quickly address exceptions, resolve discrepancies, and ensure timely payments.
- Control: Configurable accounts payable automation workflows and AI-powered invoice risk analysis give you greater control over spending and compliance, while minimising risks associated with manual errors.
Key Features of Precise AP Automation Suite
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Smart Invoice Capture
Using AI-powered Optical Character Recognition (OCR), invoices are automatically captured and extracted for processing. This significantly reduces the time spent on manual data entry while improving accuracy.
Peppol eInvoice processing
Receive supported AP invoices and credit memos through Peppol via Storecove. Precise AP Automation Suite prepares the structured data for your existing Epicor Kinetic AP process, helping your team handle multiple invoice channels consistently. Talk to us about how Peppol eInvoicing can fit your business and AP requirements.
Smart Risk Analysis
Accounts payable automation that comes with a built-in AI generated invoice risk analysis and supplier verification combination to ensure that risky invoices are flagged, protecting your business from potential financial loss and non-compliance with regulations.
Smart Invoice Matching
Our intelligent matching algorithm automatically matches invoices with purchase orders and receipts, reducing manual intervention. Tolerance-based rules allow “no-touch” processing for invoices that meet preset conditions.
Approval Workflow Engine
Automate and streamline your invoice review and approval process with flexible multi-dimensional accounts payable automation software. Route approvals based on over a dozen fields and track real-time invoice status to improve visibility and eliminate bottlenecks.
Real-Time Analytics
Gain valuable insights into your AP performance with out-of-the-box reports and real-time access to data, uncovering process bottlenecks and identifying cost-saving opportunities. Please note this is an optional add-on to the AP automation software suite.
Seamless Integration with Epicor Kinetic
Precise AP Automation Software Suite is a seamless companion product to Epicor Kinetic, offering over 50 touchpoints to provide a unified platform for accounts payable automation software​ invoice processing. Whether on-premise or in the cloud, our solution leverages the full capabilities of Epicor, ensuring that your financial data flows smoothly across systems.
With our deep integration, your AP team can:
- Automate and streamline the entire AP invoice process.
- Experience full visibility across the entire invoice lifecycle.
- Leverage shared data with Epicor Advanced Requisition Management (ARM) to further optimize the entire procure-to-pay process on a single platform.
Why Choose Precise AP Automation?
With Precise AP Automation Suite, you can elevate your financial operations and transform your AP department into a strategic asset. Our accounts payable automation solution empowers your business to:
- Significantly reduce invoice processing costs by up to 80%.
- Improve cash flow by enabling faster invoice turnaround and better discount management.
- Enhance supplier relationships through timely, accurate payments.
- Achieve scalability by adapting to increased invoice volumes without the need for additional staff.
- Increase compliance and reduce the risk of fraud with automated controls and AI-driven oversight.
Looking for a Seamless Procure-to-Pay Solution?
Unlock the full potential of your procurement and accounts payable operations by combining Epicor Advanced Requisition Management (ARM) and Precise AP Automation Suite. Combined with seamless integration to Epicor Kinetic, these powerful products provide a comprehensive, end-to-end procure-to-pay accounts payable automation solution..
Bring Peppol into your existing AP process
Receive supported Peppol AP invoices and credit memos via Storecove, with structured data prepared by Precise AP Automation Suite for processing in Epicor Kinetic. Your team can manage these invoices through the same AP workflow as other invoice channels. Talk to our team about bringing Peppol eInvoicing into your business.
Frequently asked questions
What are the benefits of using accounts payable automation solutions?
Accounts payable automation solutions offer significant benefits for businesses of all sizes and locations. By implementing accounts payable automation software, businesses can streamline invoice processing, reduce manual data entry errors, and accelerate approval workflows. This leads to improved efficiency, better cash flow management, and stronger supplier relationships. .
How does accounts payable automation software improve invoice processing?
Precise AP Automation Suite brings document invoices and supported structured eInvoices into a consistent Epicor Kinetic AP process. AI-powered OCR extracts data from invoice documents, while Peppol invoices arrive as structured data via Storecove. Precise AP Automation Suite normalises that data for processing, helping reduce manual handling before invoices move through matching and approval workflows.
Is accounts payable automation software scalable?
Yes, accounts payable automation software is built to grow with your business. Solutions like the Precise AP Automation Suite are designed to handle increasing invoice volumes without requiring additional staff, making them ideal for businesses globally. Features such as configurable workflows and AI-driven risk analysis allow organisations to maintain control over their processes while adapting to expanding business needs.
Why should businesses invest in accounts payable automation solutions?
Investing in accounts payable automation solutions allows businesses to tackle common challenges such as manual data entry errors, delayed payments, and limited visibility into financial processes. Accounts payable automation solutions enhance compliance, reduce processing costs, and improve supplier relationships. Your business can leverage these solutions to increase efficiency, stay competitive, and improve their financial operations in today’s fast-evolving business landscape.
Can Precise AP Automation Suite receive Peppol eInvoices?
Yes. Precise AP Automation Suite receives supported Peppol AP invoices and credit memos via Storecove and normalises the data for the same AP workflow used for your other invoice channels. Peppol adds an invoice source within your Epicor Kinetic environment.
How can we get started with Peppol eInvoicing?
Talk to our team about your supplier invoices, business requirements and Epicor Kinetic environment. We can help you explore how Peppol eInvoicing fits into your existing AP process and identify the next steps for your organisation.
Is Your AP Process More Exposed Than You Think?
Download the free AP Exposure Index – a practical diagnostic for finance leaders using Epicor Kinetic ERP – and find out where risk, leakage, and fraud may be hiding in your accounts payable process.Â
