AR Automation
Transalis AR Automation digitises your Accounts Receivable (AR) invoicing, ensuring compliance with growing tax mandates like CTCs and VAT. Supporting protocols like PEPPOL, our solution simplifies communications and ensures seamless, efficient compliance.
AP Automation
Transalis AP Automation eliminates the manual rekeying and processing of invoices coming into Accounts Payable (AP). Significantly save on overhead costs and speed up invoice approval. Achieve 60-80% ROI with our solution for this known cost centre.
AR Automation
Transalis AR Automation digitises your Accounts Receivable (AR) invoice processes across your entire trading network, ensuring compliance with different protocols, such as PEPPOL, ultimately making communications simpler and more efficient.
AP Automation
Transalis AP Automation eliminates the manual rekeying and processing of invoices coming into Accounts Payable (AP). Significantly save on overhead costs and speed up invoice approval. Achieve 60-80% ROI with our solution for this known cost centre.
Reduce Costs, Increase Efficiency
Using an invoice processing solution offers greater visibility, connectivity and simplicity.
At Transalis, we know that supply networks are growing ever more complex.
It is not unusual for an organisation to receive invoices via PDF, scan, email or by post from their suppliers. For organisations receiving a high volume of documents in varying formats, processing these documents manually and individually is an arduous and costly task.
Equally, on the global stage, many countries have either pledged to introduce or have already introduced legislation that mandates eInvoicing for both B2B and B2G suppliers. Therefore businesses that have international supply networks are likely to increasingly be met with complicated VAT compliance requirements.
Digitally transform invoice processing with Transalis
Our invoice processing solutions focus on these challenges to digitally transform both AP and AR processes, which significantly save on costs and increase efficiency for our clients.
How this looks for AP
Accounts Payable is a known cost centre for any business. According to research conducted by Transalis, it costs businesses an average of £1.95 per document to manually process. For AP teams processing a high volume of invoices, the overheads really rack up! Therefore, reducing this cost whilst also increasing efficiency needs to be a priority in any digital transformation strategy.
Our AP Automation solution achieves an average ROI between 60%-80%, by reducing the overheads needed to manually process and rekey invoice data.
Accounts Payable automation solutions work by converting all incoming invoices, regardless of format, into standardised digital files that are fed directly into your AP systems and other business applications.
Automating the AP function means:
- Less overheads required to manually rekey data
- Reduced error-rate
- Faster processing of invoices
- Opportunities to benefit from early payment discounts
See how much you could save with Transalis AP Automation
How this looks for AR
The main objective for the Accounts Receivable department is the fast approval and payment of their outgoing invoices. Therefore, digitising and automating administrative processes in this area has a huge impact on increasing efficiency and improving cash-flow.
For AR teams that issue invoices to international connections, there are additional obstacles regarding new eInvoicing mandates. Governments globally are keen to close their VAT gaps, and are increasingly introducing legislation that requires the electronic processing and reporting of invoices for both B2B and B2G connections.
Therefore an Accounts Receivable solution must be able to:
- Comply with international invoicing protocols
- Simplify communications with trading partners
- Reduce admin time and error-rates
Our AR Automation solution can do all of this and more. Invoices are raised and sent to trading connections digitally with minimal manual intervention. International requirements for RTR (Real-Time Reporting), PEPPOL and other eInvoice protocols are followed. The ability to integrate with your chosen business applications means even greater visibility of invoice status. Overall, this solution ensures efficient and near-error-free AR invoice processing.