Entities often receive thousands of invoices each day and processing them requires time, effort, and resources. Automating Government Invoice Payments helps you reduce the errors of manual processes, increase profitability and stay on top of spending, just to name a few.
If your organization is like most state and local governments that haven’t taken full advantage of digital processing, chances are your invoice processing takes longer and costs more than government officials might suspect.
“COVID-19 has put to the test not only disaster recovery plans but also how capable public organizations are to run lean on resources”, said Fernando Barilari, VP Sales and Marketing for SEIDOR USA. “Going digital with SAP Concur Invoice allows these organizations to increase productivity at the same time that reduce the work load for audit and compliance while employees can do their jobs quickly and easily from wherever they are”, added.
According to Sherri Schuller, an invoice system specialist with SAP Concur, automating and integrating invoice management and payment processes into a single SAP ERP delivers significant saving on several fronts.
5 Benefits of Automating Government Invoice Payments
Manage invoice payments from anywhere: give your employees the tools they need to work remotely. Going digital allows your AP team to do their jobs quickly, easily, and from anywhere.
Increased productivity: eliminating paper processes, capturing invoices electronically and automatically routing them for approvals has given accounts payable departments “60% or more of their time back,” says Schuller.
Enhanced spending visibility: integrating invoices with your SAP ERP provides a more complete view of spending and vendor performance, and greater transparency across agency silos. Leaders will be able to make informed, data-driven decisions as they plan and strategize for the future.
Improved cash flow: timing vendor payments and forecasting cash flow more precisely helps agencies earn maximum discounts and rebates and manage their spending more predictably.
Reduced audit and compliance costs: auditing is a very paper intensive world. Automatically create complete audit trails and eliminates the chance that documents will be lost, misfiled or stolen.