Automated supplier invoice processing
Powerful, seamless accounts payable solution to cut costs, reduce manual errors and maximise cash flow
Our association with Acume
Acume provides powerful, cost-effective financial tools for New Zealand and Australian businesses. Abel began collaborating with Acume in 2020 on a solution for a shared client. Since then, our technical and implementation teams have forged a strong relationship, ensuring customers can benefit from specialized tools that integrate with Abel, helping them to work more efficiently and productively.
Auckland-based Acume is part of the Streamline Business Group, which has provided financial solutions since 2004 that streamline manual and compliance processes for a broad range of clients and sectors across Australasia and the Pacific.
Key Metrics
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85% of invoices automated
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50% to 80% time saving
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400,000 invoices processed annually
*metrics provided by Acume in November 2022
Introducing Acume
Manually processing high volumes of PDF supplier invoices every month can be risky and costly to your business: it is time-consuming, error-prone and offers no clarity of your true cash flow.
Acume changes all that. This simple, powerful accounts payable solution automates the processing of inbound PDF invoices and integrates the data into your ERP system ready for payment. Using sophisticated OCR (Optical Character Recognition) technology, Acume automatically captures and validates supplier invoice information and processes it according to your defined business rules – leaving only the exceptions for your finance team to process manually.
Acume creates a smart, reliable automated workflow that dramatically reduces costs and manual errors, shrinks cycle times, improves cash flow and frees staff for more valuable tasks. In the words of one Abel customer, “Acume is so simple and much more cost-effective than manual processing, and it saves us time and gives me the real-time data I need to manage our cash flow stress-free.”
Benefits
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> 01 Smart, customised solution
Acume puts the control in your hands. It lets you define the business rules, data validation method and processing requirements for supplier invoices, including an approval workflow – all with seamless integration in Abel.
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> 02 Optimal efficiency
By automating manual processes, Acume increases productivity and overall efficiency. All invoices are captured and stored online and easily accessible, so you can say goodbye to misplaced or lost invoices and storage costs. Acume is audit friendly, archiving an easy-to-follow, accurate audit trail of key processing actions.
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> 03 Accurate, timely payment
Acume maximises early payment discounts, minimises late fees and reduces missed or duplicated payments. An accurate real-time visibility of cash flow also gives owners more confidence to measure performance and make the right business decisions at any time.