TAP™ Accounts Payable helps you reimagine, digitize, and simplify AP processes and achieve immediate cost savings. It helps you achieve greater automation, digitization, and supplier collaboration, as well as efficient shared services. It provides end-to-end invoice-to-payment functionality including supplier management, supplier self-service, invoice capture, invoice processing, and payment processing. The platform ensures high straight-through processing (STP) through an automated matching engine and configurable workflows and hierarchies. Organizations benefit from effective discount capture and dispute resolution with efficient payment workflows. TAP™ Accounts Payable optimizes the 'days payable outstanding' (DPO) while providing analytics across the entire I2P cycle. TAP™ bundles business process services, application, technology, and infrastructure into a fully managed and hosted Accounts Payable platform.
TAP™ Accounts Payable can be deployed quickly and is flexible enough to meet your specific business needs. It reduces the processing cost per invoice, while improving productivity, turn-around-time, and query resolution, and eliminating errors. In short, TAP™ Accounts Payable provides the building blocks for a ‘Leaner AP’ organization.
TAP™ Accounts Payable provides end-to-end invoice to payment functionality, including receipt management, embedded optical character recognition (OCR), supplier management, supplier self-service, invoice processing, and payment processing.
- Leaner accounts payable function
- Improved collaboration with suppliers
- Higher productivity through automation
- Improved visibility and control
- Better compliance
- A comprehensive global platform
- Rapid transformation and deployment
- Transaction-based pricing