The easiest way to get your AP processes running like clockwork
In the world of finance, where every second counts and accuracy is not just a goal, it’s a mission, PIQNIC stand as your ally in transforming your AP processes to run like clockwork. We understand that behind the numbers and transactions are real people: finance professionals like you, who are juggling deadlines, managing cash flows, and ensuring compliance while navigating a labyrinth of regulations.
“PIQNIC’s AP software has been a game changer.”
Mark Smith, NZME’s General Manager for Group Financial Services
Accounts payable is the backbone of organizations and with unpredictability and many moving parts, chaos happens when there’s no control. This friction extends far beyond data entry to exception management, approvals, errors, coding, supplier relations and cashflow management.
Inefficiencies
Traditional manual processes drain valuable time, leading to bottlenecks in approvals and payments, and diverting your skilled team from the important work.
Errors
The high risk of human errors in data entry and manual processing results in financial discrepancies and compliance issues.
Lack of visibility and control
Keeping track of invoice statuses and cash flow, or maintaining real-time oversight over AP operations, can feel like searching for a needle in a haystack.
Scalability & Security
As your business grows, your AP system should scale with it. Moreover, protecting against fraud, ensuring secure document management, and maintaining audit trails are non-negotiable.
PIQNIC stand as your ally in transforming AP operations to run like clockwork. Crafted by finance experts for finance professionals, PIQNIC addresses the real-world intricacies of invoice and payment management with grace and precision.
Simply put, PIQNIC is benchmarked as the best platform of choice that will cost you less.
Why we stand apart:
Optical Character Recognition (OCR) technology, enhanced by AI, eliminates the drudgery of manual data entry, ensuring your invoices are processed with impeccable accuracy and speed.
From invoice capture to archival, digital copies of invoices are available whenever you people need them from the platform or within your ERP. Access and retention polices, security and audit trails means you’ll never hunt for another invoice again.
Clever workflows manage all the interactions between your people and your ERP in real-time. Information, resolution and escalation options are automatically presented to the user based on custom rules so no invoice can fall through the cracks.
Integration simplifies validation to ensure accuracy and consistency. Vendor, Coding, Purchase Orders, Pricing and other critical information are shared to automate invoice validation. Invoice data and details are seamlessly updated in the ERP.
Custom reporting tools and dashboards provide real-time visibility into AP metrics like processing times, invoice status, spend analysis, and compliance, aiding financial decision-making, compliance and continuous improvement.
Managing vendors and supply contracts goes hand in hand with AP Automation to improve relationships and financial processes. Linked data and analytics gives you a helicopter view of vendor performance and spend.
Standard and custom exception management with escalation
Rules engine matches invoices within tolerances. Automated routed removes the guesswork
With exception management
Self-learning coding for repetitive invoices
Selective coding rules based on roles
Validates against asset database
Automated business unit assignment for clarity
Single level for PO – Two or more levels for GL
Split coding at line level with auto routing rules
Automated delegation for out-of-office
Approval by Admin or PA
For PO and GL invoices at line level
SLA enforcement with automated escalation
Manage credit notes with ease
Urgent invoice facility for instant matching and approvals
Workflow archive for detailed auditing and compliance
Keep the right people notified
Detailed helicopter view with month end accruals
PIQNIC AP Automation integrates with most ERP systems for seamless and automated workflow. If your ERP is not on the list, don’t worry, we’ll get you connected.
CFO’s, Financial Controllers and AP Managers of over 100 organizations guided the design process. This means what you get today has years of evolution and optimization.
Flexible and configurable AP workflow, is not just preferable, but essential, ensuring that every aspect of your AP process is optimized for the specific demands of your business.
Regardless of your industry, complexities or volumes, we can get you up and running faster with pre-built frameworks. Pick and choose exactly what you need and customize anything. The platform is super scalable so can grow as fast as you do.
Hello, real person here! At PIQNIC, we’ve got your back. Experienced professionals and a global partner network can help you design, configure, execute and support your finance team. Being framework driven, you’ll reap the rewards of a continuous improvement program.
Our platform has proven itself to be best in class, and it’ll cost you less. Benchmarking data is available to show you tangible and sustainable cost savings based on where you are today, and where we can take you.
Powered by a deep tech platform, there are no limits to unifying other financial processes and beyond. AR, Payments, Vendor Management and beyond. One platform for all your processes. One place for all your work, whatever that may be.
Media Release For immediate release
If you’re considering Accounts Payable Automation, or want to improve an existing system, this is for you. Tap into valuable insights from..
If there’s a single business process that’s ripe for automation, it’s Accounts Payable. If you haven’t already embarked on a project to improve AP..
Want to become a master of Accounts Payable? We’ve been working hard to tell the world about PIQNIC’s accounts payable automation capabilities over..