Better Check Processing
Providing Better Experiences
Did you know...?
A company that processes 4,000 checks per month, on $10M in payables can...
...reduce the number of checks by 20% and improve their annual cash flow over $500,000!
Organizations pay an average of $60 to $75 per check processed. Therefore, optimizing the number of checks that you cut each month has a significant impact on your bottom line.
Insight enables the ability to proactively monitor the number of checks and invoices, per supplier per period. Using this real-time information in concert with additional analysis capability allows you to optimize the number of checks you process.
Optimizing the Process
With the intuitive interface and real-time capability of Insight Reporting™ you can:
- Summarize transactional AP data into management summaries with full drill-down to combined invoice and payment detail.
- Analyze payment vs. invoice date metrics to determine optimal payment cycles.
- Age payments into meaningful date buckets for immediate visibility of payment patterns.
- Easily match invoices and payments from within a single screen.
- Make the real-time information available on-line so that all payment stakeholders (i.e. A/P clerks, buyers, etc.) can collaboratively manage the process.
