Leverage Document AI to Automate Manual Invoice Processes

So often in transportation and logistics, when we think of opportunities to increase profitability, we tend to focus time on operations and variable expenses. While that’s important, technology is accelerating the speed at which we can reduce fixed costs. Technology can reduce the manual human hours necessary to complete tasks by a significant amount and allow the companies to grow and scale without additional headcount.

Accounts payable and receivable challenges

Many transportation and logistics companies face significant challenges with managing accounts payable and receivables processes (AP/AR). With invoices from multiple vendors, it can be difficult to tracks payments and verify accuracy. Manual AP/AR processes can lead to human errors, delays, and inefficiencies. To simplify operations and improve financial visibility, transportation and logistics companies should consider AP/AR automation solutions that automate invoice processing, reduce manual data entry, and provide real-time insights into cash flow and spending.

AP/AR solutions

At CLA, we noticed a growing demand for AP/AR automation. To address this need, we created a tool called Auto Extract, which has been successfully deployed to multiple clients resulting in up to a 90% decrease in manual invoice processing time.

CLA takes a client-centric approach and strive to understand their AP/AR process before implementing Auto Extract. This allows us to integrate the tool at the appropriate stage and seamless integration with enterprise resource planning and accounting systems.

Interested in seeing how this solution can help your business? Share a few of your toughest invoices and we’ll run them through our extraction program to show you how you can save money: Accounting Automation : Get Started : CLA (CliftonLarsonAllen) (claconnect.com)

CLA digital

CLA digital provides digital transformation services to help businesses leverage technology to improve operations, increase efficiency, and drive growth. We offer a range of services, including:

• Digital strategy and roadmap development
• Data analytics and automation
• Cybersecurity and risk management
• Business intelligence and connected product

Written by Craig Ritsema