SnapAP is a complete Procure to Payment (P2P) automated, software process for digitally managing invoice payables. The fully integrated solution covers and tracks the flow of payables information from the beginning with Purchase Order Approvals through to completed distribution of all Supplier Payments.
A: SnapAP is designed to work in many configurations, including multiple ERP’s. The staging tables in SnapAP can be used to share data between many ERP’s, eliminating the need to manually enter the same data multiple times!
A_SnapAP is designed to manage 100% of your invoices! From Material, Service, Stock, Travel, even Non PO Invoices! SnapAP has the ability to manage your employee Expense Reports as well, streamlining that process too!
A_Certainly! SnapAP has a built in Expense Report process that enables Employees to not only submit their Expense Report from anywhere, but also Approve expense reports from anywhere! With SnapAP, Employees can have their expenses paid within 24 hours!
A_Generally we work with you to train your top Suppliers in person. SnapAP has built in functionality that enables you to automate the onboarding process! Once automated, you can expect greater than 90% of your invoices to be entered directly by your suppliers! This means that Accounts Payable is now working ON the process, instead of IN the process!
A_SnapAP has the ability to manage payments electronically: The SnapAP Cash Manager! Not only does this electronic ‘filing cabinet’ allow you to manage individual payments, but it sends electronic payment files to the bank to pay your Suppliers immediately via EFT! NO MORE LOST CHEQUES! NO MORE CHEQUE FRAUD!
A_SnapAP automatically sends an email notification to your Supplier when they have a new or revised purchase order to review. The email notifications contain links that will bring the supplier directly to the Purchase order in SnapAP!
A_SnapAP sends email notifications out automatically when something requires approval! The email always contains a link to bring them to the item requiring their approval directly in SnapAP. Also, when an employee logs into SnapAP, they are greeted with a landing page that contains all items that require their action!
A_SnapAP has a built in Delegation module that allows your employees to delegate their approval authority at any time! This eliminates any potential delays in processing invoices due to employee vacation or shift rotations!
A_Since Suppliers have access to all of their records online 24/7, they no longer need to call AP to determine the status of any Invoice or payment! When a Supplier looks in SnapAP, he sees the same information as your AP team! Since everything is available 24/7, Supplier no longer send statements, as it is all online!
A_The SnapAP transforms your entire P2P process to make it as efficient as possible! The most visible and direct savings is obviously the increased efficiency in your Accounts Payable department, but the benefits extend far beyond there:
No more paper invoice = no more filing!
No more filing = no more lost invoices!
No more lost invoices = no more wasting time searching for invoices!
SnapAP gets it right up front, meaning less re-work!
Full transparency for Suppliers = less supplier inquiries
Complete audit trails provide 100% transparency, leading to increased internal controls!
Very low invoice cycle times means timely cost numbers!
Very low cycle times means ALL invoices are available to be paid on time, every time! This allows you to capture any discounts you may wish to take advantage of!