Infosys BPM - Accounts Payable on Cloud
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The APOC platform is a modular SaaS solution that includes OCR, workflows, matching engine, and supplier portal. It supports multiple modes of invoice receipting and has OCR for automatic data extraction. It also has AI/ML assisted account coding, multi-parameter duplicate checks, and configurable workflows for managing approvals and exceptions. The platform provides minimal touch AP process and actionable insights around the payables process.
Strengths
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Efficient
Automated invoice processing and payment approval workflows
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Scalable
Flexible and customizable to meet changing business needs
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Cost-effective
Reduces manual labor and errors, leading to cost savings
Weaknesses
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Dependent on internet
Requires stable internet connection for uninterrupted service
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Limited customization
May not fully meet unique business requirements
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Security concerns
Sensitive financial data stored on cloud may be vulnerable to cyber attacks
Opportunities
- Allows for remote access and collaboration across different locations
- Can be integrated with other software for seamless data transfer and analysis
- Provides real-time visibility into accounts payable processes for better decision-making
Threats
- Other cloud-based accounts payable solutions may offer similar or better features
- Changes in financial regulations may impact the use and functionality of the software
- Potential for data breaches and loss of sensitive financial information
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Infosys BPM - Accounts Payable on Cloud Plan
Infosys BPM - Accounts Payable on Cloud offers a pay-per-use pricing model with customizable features and versions.
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