Accounts payable workflow for Accounts departments
In the past, Accounts Payable involved collating paper copies of all purchase orders, delivery records and invoices so they could be cross-checked and approved. The process was extremely slow, particularly for those processing large numbers of invoices such as retailers. Documents were easily lost, errors could be frequent and payments might be late. OSG’s new Accounts Payable system revolutionizes the process by creating digital copies of key documents, so the process is faster and more accurate.
Automated 3-way document matching
Invoices are automatically matched to purchase orders and receipt of goods documents. Any discrepancies are flagged for immediate attention. This enables you to resolve vendor disputes quickly and avoid late payment penalties. It also gives you the opportunity to negotiate early-payment discounts. It provides you with a faster, more accurate document workflow and means payments may be approved the very same day.
How Accounts payable works
Setup of e-Archive
Regular document collection
Scanning of documents
Sharing and approval
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Useful links on Accounts payable workflow
The OSG website is a great resource for information about management of documents and data. Use the links here or browse our guides section.
Please note that most of these guides are in Russian. Please use the contact form to request a copy in English.
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