To achieve true AP automation your organization requires touchless invoice processing (TIP). The challenge is that it can be difficult to know where touches are occurring during the invoice handling process. Basware Insights now solves that with our new TIP Discovery Dashboard.
Understanding Touchless Invoice Processing
Touchless processing varies for each organization, necessitating a customizable approach. Viewing the touchless rate across the whole invoice process while providing strategic value does not help at the tactical level.
Basware's Touchless Invoice Processing Discovery Dashboard (TIP Discovery) now enables you to define and analyze touchless rates based on your unique requirements. For instance, AP and Global Business Services (GBS) leaders can now measure the touchless rate for specific phases e.g. the invoice receiving and matching phases that specific teams are responsible for.
Test Your Optimizations in advance
The TIP Discovery Dashboard offers significant creativity, empowering you to align touchless metrics with strategic business objectives specific to your organization. Coupled with this comes a recommendation engine that provides "what-if" thinking, empowering you to simulate outcomes and identify root causes behind non-touchless processes.
This all means you can test a process optimization before actioning it, resulting in more informed decision-making that has larger impact on your objectives.
Why this Matters & Who Stands to Benefit
Fundamentally this new dashboard helps CFOs and finance leaders make strategic decisions based on the tactical realities their AP teams face during the invoice handling process.
It equips you with the insights needed to prioritize actions, investments, and process enhancements to progress your journey in achieving greater levels of AP automation.
Next Steps:
- Learn More by visiting our Basware Insights Solution page.
- Contact your Customer Success Manager to discuss this further or via this link.
