Accounts Payable on Cloud
Accounts Payable (AP) is at the core of finance and accounting (F&A) and supply chain functions, in spite of being a transactional process. There is continuous pressure on the AP function to reduce cost and improve efficiency, with zero tolerance for payment errors.
The Infosys BPM Accounts Payable on Cloud (APOC) is a platform that transforms the Invoice-to-Pay process by leveraging next-generation technologies and AI/ML algorithms as well as ensures time-to-value coupled with enhanced stakeholder experience. APOC replaces redundant processes and eliminates fragmented tools to become the single layer of engagement for all invoice processing needs.
The Infosys BPM APOC platform combines the best-in-class technologies available in the marketplace. The platform, built on our deep domain expertise, enables the AP function of organisations to considerably improve critical business levers — the 3Es of Efficiency, Effectiveness, and Experience — and provides real-time insights to stakeholders.
AP functions globally face several challenges
- A substantial number of invoices go into fallouts.
- OCR and existing extraction technologies are plagued with low accuracy and read rates.
- A significant percentage of invoices don’t get paid on time.
- Invoice coding for non-PO invoices takes considerable effort and requires institutional knowledge.
Improved Efficiency
BPaaS
Stakeholder Experience
Future-Proof Platform
Insights
End-to-End Automation
Accounts Payable on Cloud Offerings
Upload invoices. Let the AI automate. Validate the results. Export. Yes, it is that easy.
End-to-End AP Workflow
The configurable End-to-End AP workflow meets all invoice processing needs.
Self-Service Supplier Portal
The Self-Service Supplier Portal allows organisations to collaborate with their suppliers in a secure online environment.
AP Cockpit
The AP Cockpit provides ready analytics dashboard of all AP-related SLAs/KPIs
Insights
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