SnapAP – Accounts Payable… DONE

Questions?


  • Talk to a Snap expert

  • No pushing, no commitments, no obligations

SnapAP

SnapAP allows your organization to become electronic and paperless in your Purchase Order and Accounts Payable processes! With the concept of upfront controls, you will see fewer defects downstream and much improved processing cycle times enabling the capture of discounts for favorable payment terms. Defects will be reduced by 80% to 95%!

 

Electronic Purchase Orders

Purchase Orders are sent to the Supplier electronically. The supplier must review the Purchase Orders and confirm his/her agreement with the quantities ordered, the prices, the terms and conditions and the electronic invoicing process. Once the supplier agrees with everything, they are awarded the Purchase Order number and can ship the goods or perform the service. Agreement is confirmed up front. No more after the fact discussions about what was agreed to! No more paper to file!

Electronic Invoicing

Suppliers enter their invoices electronically. The invoices are matched or approved electronically. Typically, invoice defects causing re-work in Accounts Payable range from 10% to 30% with some as high as 70%. With this new process, defects are reduced to less than 2%! More than 80% of the invoices simply bypass Accounts Payable allowing staff to work on more value-added tasks. No more “lost” invoices! No more paper to file!

Typical Work Process for Custom Tools

SnapAP allows your organization to become electronic and paperless in your Purchase Order and Accounts Payable processes! With the concept of upfront controls, you will see fewer defects downstream and much improved processing cycle times enabling the capture of discounts for favorable payment terms. Defects will be reduced by 80% to 95%!

Quick Implementation

SnapAP is installed and training is provided internally. Once the internal process is implemented, GSCM works with you to implement the tool with your Suppliers. You will have 50% of your invoices entered by your Suppliers within the first 3 weeks of starting the Supplier training and 70% within 6 months.

General

SnapAP is designed to provide one process to handle all invoices whether covered by a Purchase Order or not, including employee expense reports. The process is as easy to use as on-line banking and is available 24/7. The cycle time is reduced providing more timely and accurate cost information. SnapAP provides suppliers with on-line access to the status of all their invoices eliminating paper statements and phone calls. This all leads to positive relations with your suppliers.

This is Accounts Payable made simple.