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Accounts Payable
AutomationOverview
Kefron Overview
Founded in 1989 - over 25 years experience
We provide professional document management services such as Accounts Payable Automation, Document Storage, Scanning and Capture
We aim to understand a company’s accounts payable process in order to provide professional help and ultimately reduce accounts payable costs by 67% or more.
We are a certified partner of Readsoft, a global leader of accounts payable automation technology.
People at the Core
- Our team works closely with customers to understand their needs
and provide simplified solutions
Accreditations
Saying that you deliver a quality focused document and information management service is easy. Proving it is something else. We hold four ISO Certificates from internationally accredited bodies, which include:
ISO 15489 for Records Management,
ISO 27001 for Information Security,
ISO 9001 for Quality Management and
ISO 14001 for Environmental Initiatives.
Kefron’s Client Base (Financial Services)
Diagram illustrating a typical Automated Accounts Payable Process
*This diagram represents a typical workflow/business process. However, workflow varies considerably between companies and the workflow can be set-up accordingly.
Why Automate Accounts Payable?
Kefron’s Automated Accounts Payable Solution can reduce your invoice processing costs by up to 67%. This figure is achieved through:
Time Savings: The automation of invoices frees up staff time, which can be put to better use elsewhere
Cost: The cost of labour to manually enter data is significantly reduced
Payment Discounts: On time payment of invoices captures early payment discounts and reduces late payment penalties
Why Automate Accounts Payable?
Turnaround Time: The preparation of management accounts takes less time as supplier invoices are automatically captured
Cash Flow: Improves cash flow planning – Companies can forecast cash flow more accurately through improved visibility and control
Increased Accuracy: Data capture automation eliminates manual keying from the AP process, which significantly decreases human error
Cloud Based Technology
Ease of Deployment - No hardware to buy or infrastructure to set up and configure
Scalability - SaaS applications can expand as the number of users grow
Investment in Technology of the Future - 95% of organisations expect to maintain or increase their investments in SaaS throughout 2015 (Gartner Report)
Cost effectiveness - The service does not require upfront capital expenditure, so it is easier to accommodate existing budgets, or budget constraints
Graph illustrating the relationship between cost and volume of invoices per annum between an automated versus a manual system
The business case
Investment and cost
Will this work for me?
Adding up the savings
Business Case:
‘Company A’ processes 250 invoices per month at €8 per invoice, the monthly cost is approx.
€2,000.
With Automation, ‘company A’ reduces that cost to €1.26 per invoice and save €1,685 each
month.
More than €20,220 per year.
Manual Accounts Payable Per Invoice
Average cost to manually process an invoice €8
Cost of Accounts Payable Automation per invoice(based on 250 per month)
€1.26
Between losses in efficiency due to manual data entry, a high human error rate, slow management approval and lost early payment discounts, the average cost to process an invoice is €8 per invoice. With our solution you can reduce invoice processing times by 80% and costs by 67%.
Security
Hosted environment
Dublin, Amsterdam
ISO 27001
Microsoft are compliant with EU Data Protection Directive
System Demonstration
Kefron Limited53 Park West Road, Dublin 12PHONE: +353 (0)1 438 0200FAX: +353 (0)1 438 0288
Kefron (UK) Limited1 The Arena, Stockley Park, Uxbridge,Middlesex,UB11 1AA, United KingdomPHONE: +44 (0)208 756 1555
EMAIL: [email protected]
www.kefron.com
Thank you