Supplier management made easy with AP Automation.
With hundreds of suppliers, just in time ordering and thousands of SKUs on the books, it can be challenging to manage the back-end operations of a retail or manufacturing company. Online shopping continues to grow all the time, and you might be starting to explore an endless aisle, direct ship or marketplace style model for your business.
Whatever model you choose, your AP department has a LOT of paperwork coming in and out. You might be printing, stamping and processing every invoice that comes in. It works, but it’s expensive, slow and not great for the environment. It also isn’t scalable as the business grows – you will need to keep adding heads to the finance team all the time.
Paper invoicing models can lead to roadblocks, and delay supplier payments. Which in turn, can damage your supplier relationships, generate multiple supplier inquiries, and take up more of the AP team’s time and cause filing nightmares.
How AP Automation works
Let us take you through the AP Automation process.
Why retailers and manufacturers love AP Automation.
Introducing AP Automation to streamline your invoicing process will dramatically reduce the work, stress and cost of paying suppliers.
Plus, it will give you the transparency you need to see which invoices have been received, which have been paid and which need to be reviewed before payment.
When an invoice lands in your inbox, our AP Automation system reviews the document, matches it to the purchase order in your system, and processes it without you needing to do a thing. If it finds a discrepancy, it will flag this with the person who raised the PO.
Redmap has completely transformed our business. It delivered the efficiency that we were looking for, which gave time back to my team. I have subsequently invested that time in investigating and addressing root causes rather than continuing to patch up the symptoms in our internal processes.
The role of Sales Order Automation.
Once you’ve streamlined your Accounts Payable, what about your sales orders?
You might be still processing these manually, using data entry to convert each purchase order into a sales order. The process of checking your stock, the price, and the delivery details is slow and prone to errors. Sales Order Automation removes this tedious manual process altogether, with orders only passing through the team when there is a discrepancy to be checked.