Iron Mountain accounts payable solution

Solution Guides

Streamline and automate your accounts payable and receivable processes. You'll have the tools you need for a smoother and speedier month-end close with integration to enterprise resource planning (ERP) systems.

May 11, 20226 mins
Iron Mountain Accounts Payable Solution

Transform your accounts payable (AP) processes

Challenge

Invoice processing is manual and inefficient

If you are like most AP departments, supplier invoices typically arrive at multiple business locations, in multiple formats (paper and digital), layouts and even languages. Invoices come in via the mail causing headaches for remote employees and potentially opening up the company for risk if an invoice is lost or not paid.

Slow turnaround and manual review of hundreds of emails to find and match invoices for payment results in late payments to suppliers and weakens supplier relationships, making productivity and efficiency a challenge as long as paper is part of the process.

Solution

Streamline your invoice processing

Iron Mountain AP solution is a purpose-built software as a service (SaaS) offering that helps streamline and automate your accounts payable processes. You’ll have the tools you need for a smoother and speedier month-end close.

We can help you digitize your paper invoices and store them in a secure information management and content services platform. The platform can be configured with integration to many enterprise resource planning (ERP) systems with automated indexing of both paper documents and electronic information to pull key metadata used to match invoices to purchase orders (POs).

How does it work?

Iron Mountain Accounts Payable Solution 

What you gain

  • Centralize receipt and digitization of incoming invoices and purchase orders
  • Reduce manual data entry errors that could lead to delayed or missed payments
  • Manage and streamline cash flow and monthly financial close