Increase AP Accuracy with Automation
Teams that are stuck manually processing invoices lose valuable hours every week. For example, if processing a handful of invoices takes about one hour, just imagine how much time it can take to process hundreds or thousands of invoices a month.
The picture gets worse when you factor in mistakes, like a duplicate entry or a missing decimal point. Finding errors like these can feel like looking for a needle in a pile of needles. And in the end, it might cost your company more than just time to fix them.
OneSource Virtual (OSV) offers Workday customers a better way to manage accounts payable. Our Workday-native approach delivers greater accuracy while significantly reducing the manual work required of finance teams.
Managed AP combines automation and human review to provide up to 99.6% accuracy in invoice processing. Invoices are captured, coded, and delivered to your Workday tenant, so Workday remains your system of record. It also ensures your forecasts, accruals, and cash flow projections accurately reflect what’s happening in the business.
Invoice Pay handles the other half of the process. As an end-to-end solution, it not only delivers payment optimization, but it also provides account verification and fraud protection. For teams, the payment process becomes as simple as selecting which invoices you want to pay and reconciling the batch. We take care of the rest.
Together, these two services deliver critical time savings with improved accuracy.
View the infographic to learn why customers like Raising Cane's and Innisfree Hotels trust OSV to help them improve their AP processes.
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The task list for payroll professionals is growing. And so are employee expectations. We help you automate processes.
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