BancTec Knows Accounts Payable Automation. AP automation can provide significant bottom-line cost savings and improved efficiencies for companies struggling with paper invoices and inefficient approval cycles.  AP automation translates to accelerated invoice approval, reduced processing costs and more efficient AP personnel. 

Technology plays a critical role in almost every business function, yet accounts payable processing often relies heavily on manually intensive procedures and paper-driven operations. Case in point: Recent industry surveys indicate more than 80 percent of invoices are on paper, and more than 95 percent of processing time is keying data. In addition, as much as 55 percent of invoices contain irregularities. The average company pays thousands of dollars a year, if not millions, to process invoices, perform purchase-order matching, address defects and respond to vendor inquiries–with additional money lost on late-payment fees, missed discounts and more. It's time to end the constant drain on profits and productivity. 

At BancTec, we lead the industry in providing the most advanced, comprehensive and efficient business processing solutions for the purchase-to-pay market–helping global customers in numerous industries save significant dollars. Using a suite of technology tools designed specifically for AP processing, we can help you address challenges at every stage of the accounts payable process, allowing your enterprise to reduce costs, increase control and maximize efficiencies. 

With AP Master, BancTec offers a comprehensive, fully automated, out-of-the-box AP processing system that creates powerful business advantages for your company-whether you operate it internally or let us manage it for your organization on an outsourced basis. Either way, AP Master can cut down on the time, man hours and financial resources associated with the hassles and headaches of back-office AP processing, allowing you to focus more attention on your own business challenges. As a SaaS application, AP Master is a pay-as-you-go model and there are no user license fees.

BancTec Purchase-to-Pay Solutions Offer Real Business Advantages. AP Master is a Web-based SaaS solution that integrates with your ERP or accounting system and allows for easy configuration, but requires no programming.  AP Master can better manage your AP functions, and results in faster implementation times, improved productivity, reduced costs and improved ROI. 

And our proven AP Master solution addresses the entire value chain–from purchase to payment–including invoice receipt, document image and data capture, PO matching, GL coding, online approvals with full audit trail, booking in ERP system, content storage and archiving, workflow management, posting, customized reports, queries and analyses. You can move your AP function to a more strategic level, increasing control, complying with regulations, improving competitiveness and tracking, managing and accessing payment information at every step.

AP Master is the best choice to handle accounts payable procedures and reduce costs, letting you focus on what you do best: your business. Whether operated by your own staff or outsourced, BancTec's AP Master solution can be customized to your exact needs and requirements, giving you a competitive marketplace edge.