Protecting your business from scammers and fake invoices

Is your business unknowingly losing money to common invoice scams? Could you detect a fake invoice easily? Last year alone Australian businesses lost millions of dollars to invoice scams. Accounts Payable automation can identify invoice discrepancies and help reduce your risk of falling victim to fraudulent payments. Find out how automated AP solutions protects businesses from losing money.

Five things you didn’t know about Accounts Payable Automation

If, like most Australian organisations, you’ve moved most of your workforce to work from home during the COVID-19 outbreak, then you may have had to rethink your business processes, including Accounts Payable.

AP processes are often manual, tedious and paper based, but automating AP allows you to maintain operations and stay productive. Read about five benefits we’ve identified that you may not know about AP automation.

How to manage your accounts payable remotely with digital invoice approval workflow

A digital invoice approval workflow streamlines the approvals process and lets you manage accurate approvals remotely. It also automates manual and repetitive tasks involved in the approval process, such as data entry and cross-referencing information.

Read about three key features of a digital invoice approval workflow that can benefit your business as it operates remotely.

Accounts Payable

Five key features you should look for in an AP solution

Accounts payable processes are often characterised by manual data entry and inefficient workflows that can have a real and significant financial impact on a business. Do you know exactly how much traditional AP processing is costing your company? Whether it’s duplicate payments, late penalty fees or labour costs, AP Automation provides multiple opportunities for efficiency and savings.

Here’s some tips on what you should look for in an AP solution.

M-Files & MYOB Connector Now Available for Accounts Payable

Upstream are excited to announce the immediate availability of our M-Files MYOB Connector.

With uploading of invoice data directly to MYOB from M-Files, Upstream can provide an Accounts Payable Automation Solution, encompassing automatic data extraction from invoices, electronic workflow approval on any device, and upload of invoice information to MYOB, including linking to jobs.

Find out more.