Within the Accounts Payable workflow, many businesses face similar challenges when it comes to exception handling and processing.
- The process is very manual and requires a knowledgeable team to troubleshoot the different scenarios.
- Accounts Payable analysts will need to reach out to vendors and suppliers for any missing information or erroneous invoices.
- The exceptions become a bottleneck which increases the cycle time for invoices.
With automation tools streamlining the receipt and data capture/data extraction portion of Accounts Payable processing, the exceptions process is still very manual. As a result, many businesses turn to outsourcing to streamline the exceptions process and increase the visibility of invoices from all vendors and suppliers.
So how do businesses tackle these challenges and streamline their invoice exceptions process? We take our industry experience to outline an efficient exceptions workflow:
ARDEM Incorporated is a leader in Business Process Automation, providing businesses with cost-effective solutions to improve business performance. ARDEM Incorporated’s fully managed solutions lower costs, mitigate risk, and continuously provides innovation to companies of every size.
We build customized accounts payable or every one of its clients as it has its own team of finance and accounting specialists who have created and executed efficient workstreams for thousands of accounts payable processes, ensuring quality output alongside cost-savings of up to 40%.
If you are curious about how we can help you implement a more effective accounts payable outsourcing solution, then you can schedule a free consultation with our team today!