How Does Cabinet AP Work?
Think of a typical accounts payable workflow. A company first issues a PO to a vendor, who sends an invoice, a shipment and a packing slip. Once it’s confirmed that the packing slip matches the PO, the receiver combines relevant documents and turns it all into accounting.
Once there, the invoice (and supporting documentation) is either approved or rejected. In the former case, documents are filed, data is entered into the accounting system and payment is submitted to the vendor. If it’s the latter … well, you’re back to square one.
Cabinet AP automatically pulls data from invoices: date, total, invoice number and even line items.
If that sounds confusing, it’s because it is. With so many manual handoff points and opportunities for errors, it’s a cinch that something will go wrong at some point. But check out that same workflow with Cabinet AP:
- Invoices automatically appear in the user’s Cabinet AP inbox
- Relevant information (invoice number, date, total, even line items) is captured automatically
- PDF versions of all documents are sent to the correct SAFE repository
- Supporting documentation is associated for future reference
- Documents are routed for approval according to pre-set business rules and workflows
- Data is automatically sent to accounting software, like QuickBooks
Manual data entry is minimized or eliminated with Cabinet AP. And if you ever need to reference an invoice or packing slip later, you’ll be able to find it in seconds. There’s no more efficient, streamlined way to handle accounts payable processing and other document-intensive tasks.
