FileBound AP Automation = Capabilites without Complexity
FileBound systematically applies your policies and rules to improve the quality and consistency of your AP department. Workflow automation reduces mistakes by verifying the accuracy of transactions from the initial order all the way through receiving, invoice processing, and payment. Tight AP controls reduce payment mistakes and results in increased cash flows and reduced costs.
With FileBound, invoices are captured at the beginning of their life cycle and matched to templates for automated data extraction. The captured data can be matched to the original PO, resulting in automatic advancement for payment. Discrepancies or non-PO invoices are routed for approval. FileBound can format and pass the invoice data directly to your accounting system for payment processing, eliminating duplicate data entry costs and errors.
