Automate Accounts Payable Process with Laserfiche

SFS Technologies is a Complete IT Solution Provider Company based in Canada.

Laserfiche is one of the top global providers of intelligent content management and business process automation. Laserfiche is the top-rated Enterprise Content Management software in the market. Today, Laserfiche is innovating with cloud, machine learning, and AI to allow organizations in more than 80 countries to transform into digital businesses. 

Laserfiche helps Automate Accounts Payable processes to improve visibility, efficiency, and compliance while securely supporting enterprise growth. 

With Laserfiche, organizations can gain visibility into accounting and finance operations to make better, more informed decisions. Laserfiche automates the Accounts Payable process to lower risk and enhance quality through uniform business rules and standardized workflow strategies for PO and non-PO-based invoices. 
 

Promote Visibility and Efficiency 

Accounting and finance managers need access to metrics to monitor productivity and identify bottlenecks. Laserfiche collects all data including user throughput, cycle times, and exception handling. It helps precisely measure work, process, and system efficiency. 
 

  • Monitor productivity with a real-time view of employees’ workloads, response times, and payment cycles. 
  • Address bottlenecks and exceptions for consistent output. 
  • Measure process performance, calculate costs, and accurate benchmark data. 
     
     

Mitigate Risk and Enhance Compliance 

According to the Association of Certified Fraud Examiners (ACFE), organizations lose an estimated 5 percent of their annual revenues to fraud. With Laserfiche, teams can develop standardized processes for commonly performed tasks, creating stronger internal controls and reducing opportunities for fraud. 

  • Streamline compliance with FINRA, SEC and SOX regulatory requirements and reduce the risk of penalties. 
  • Enforce security with granular access rights at the user, document and system levels. 
  • Impose a clear, systematic segregation of duties and reduce process variance. 

 

Mitigate Risk and Enhance Compliance 

According to the Association of Certified Fraud Examiners (ACFE), organizations lose around 5 percent of their annual revenues to fraud. Laserfiche helps teams to develop standardized processes for generally performed tasks, creating stronger controls and reducing opportunities for fraud. 
 

  • Streamline compliance with FINRA, SEC, and SOX regulatory requirements and lower the risk of penalties. 
  • Implement security with granular access privileges at the user, document, and system levels. 
  • Set clear, systematic segregation of tasks and lower process variance. 
     

Enhance Integration Capability 

Laserfiche helps break down data and decreases dependence on IT staff by serving as a central middleware that easily integrates with ERP, financial management, and CRM systems. Whether using a centralized, decentralized, hybrid, or shared service center model, Laserfiche can: 

  • Easily integrate with PeopleSoft, SAP, MS Outlook, Oracle, SQL, MS Dynamics, and more to rev query management and posting. 
  • Automated and no-code workflows to free up limited IT resources. 
  • Auto capture and match invoices received, allowing them to be validated, processed, and authorized.