KwikTag Introduces the Next Generation of AP Automation
AP Automation for More Than Just AP
We have heard all of the excuses, reasons, challenges, etc. that have prevented organizations from implementing an AP automation solution. Here are just a few:
- Too expensive
- Long implementation time
- Lack of resources
- No time to train the AP team
- Not enough executive support
KwikTag is excited to introduce KwikPayables Accelerate for Dynamics GP. KwikPayables Accelerate overcomes every one of these roadblocks with ease, therefore making AP automation more attainable to businesses who may not have been able or willing to commit to a solution.
Now, those were the most common reasons before everyone started working remotely during the pandemic. Given current business conditions, the perception has changed. The reality of a remote team, with AP and invoice approvers in many different locations, most of which are not the office, is that AP automation is no longer a question of “if,” but “when” and “how fast” can we get there?
KwikPayables Accelerate is the next generation of AP automation and is designed to help companies get to the point of complete AP automation, faster than ever.
What does that mean for you? We’re so glad you asked.
KwikPayables Accelerate for Dynamics GP is a cloud-based (SaaS) accounts payable automation solution designed to provide a completely digital and automated process for handling invoices, payment batch approvals and payment processing. KwikPayables Accelerate leverages intelligent data extraction (ktIQ) and artificial intelligence with a real-time connection with GP to validate relevant invoice data and automatically route invoices for review and approval. Upon approval, purchasing and payables transactions are automatically created in GP. Once transactions are created in GP, KwikPayables Accelerate completes the AP cycle with a payment batch review and approval process. Upon approval of payment batches, the payments are issued electronically and the payment data will be visible in KwikPayables Accelerate.
See KwikPayables Accelerate in action with the video below.
You may be wondering… KwikTag already has a pretty great AP automation solution… what makes this one so different?
Allow us to elaborate.
KwikPayables Accelerate not only allows businesses to eliminate manual steps in their AP process, it does so faster and more efficiently than traditional AP automation solutions.
Completely cloud-based, KwikPayables Accelerate is a packaged solution with a standardized feature set defined by the most common invoice indexing and approval workflows for payables and purchasing transactions. Because it is an all-inclusive package that includes software, services, system upgrades, and lives in the cloud, it can be deployed faster and more efficiently than traditional AP automation. In fact, KwikPayables Accelerate can be deployed in weeks instead of months, at only a fraction of the cost.
Traditionally, the benefits of AP automation were centered around the accounting teams, as they were the ones doing the manual processing, working with IT for system configuration, and chasing approvers. While the typical benefits of automation include reducing invoice processing time by 90%, nearly eliminate data entry, and improved data accuracy – all of those hold true with KwikPayables Accelerate. Plus, you can add fast deployment time, no services fees and the peace of mind that comes with a secure, cloud solution that is easy for everyone.
The next generation of AP automation extends these benefits to others in your organization, such as IT, finance, and department managers. Because KwikPayables Accelerate is deployed in a cloud environment, the heavy IT workload that comes with configuring and managing a new system is eliminated. KwikPayables Accelerate is more affordable than ever, at 50% of the standard cost of automation, with no service fees or surprise line items on the quote, giving peace of mind to the finance department. Finally, for department managers, KwikPayables Accelerate functions with a pre-configured workflow path for approvers to automatically receive invoices for email or online review and approval based on their approval thresholds or a direct send from AP.
At KwikTag, we are committed to continuous improvement and innovation, and are so excited to share KwikPayables Accelerate with the Dynamics community.
Join the 100,000+ members of the KwikTag family that trust their AP automation solutions. Fill out the form at the bottom of this page and someone from our team will be in contact to answer your questions and/or schedule a demo for you and your team.