Prices in this chart are indicative. Final price will be determined by your annual vendor invoice volume to be processed in the solution.
For all packages, a one time start up fee is applicable. The start up fee includes initial connection to your accounting system / ERP(s) and training for your system administrator. The start up fee depends on which Accounting System / ERP(s) Rillion should be integrated to and which optional features you choose. All packages are subject to 12 months subscription.
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What is the ROI of AP automation?
It is always important to consider the ROI of any business system, however, calculating the ROI of AP automation solutions is not always very straightforward. This is because it impacts so many different areas of a business, making it difficult to perform a reliable calculation.
When calculating the ROI of an AP automation solution, there are numerous, both financial and non-financial, factors to consider:
Financial ROI factors:
Non-financial ROI factors:
How does AP automation improve the invoice approval process?
AP automation improves the invoice approval process in several ways, making the process both quicker and more efficient. Automatic forwarding to authorized approvers. Sending notifications and reminders automatically. Removes unnecessary human involvement. Stores key elements and conversations in one place for the invoice and makes them accessible to all relevant parties.
How does AP automation improve document management?
All invoices and other invoice-related documents are automatically stored electronically in one centralized location. Cloud-based archives ensure all relevant individuals have easy access to invoices and other transaction related documents and information anytime, from anywhere.
Does AP automation prevent duplicate payments?
Yes. AP automation includes multiple types of matching between invoices, POs, receipts, and contracts where all incoming invoices are checked upon arrival and flag any exceptions, such as duplicate invoices.
Does AP automation prevent invoice fraud?
Yes. Account payable automation provides multiple types of matching between invoices, POs, receipts, and contracts where the invoices are automatically flagged down if any exception is identified. The invoices are then forwarded to an authorized approver to control if the invoice is fraudulent or if there has simply been a mistake in the information of the invoice. The reporting tools within AP automation software also increase transparency and visibility of the invoices, meaning it will be both quicker and easier to identify fraudulent, suspicious, or unusual activity.
How does AP automation software handle tax compliance?
It helps you automatically manage different currencies, VAT rates, and different tax regimes, saving time in every closure.
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