For most organizations to run their business successfully, they depend on the products and services of others. As a result, the Accounts Payable department receives vendor invoices every day for approval and payment. And while vendors expect to receive their payments on time, the AP process is typically a manual, paper-based process that can be complex and time consuming.

The amount of paper involved with collecting, opening, sorting, distributing and paying invoices on a daily basis is often overwhelming. As paper piles up, bottlenecks often occur in the process. Organizations may in turn pay invoices more than once, fail to meet early payment discounts or even incur late fees.

Pyramid Solutions accelerates and simplifies Accounts Payable operations with instant, paperless document access. With Pyramid's paperless document management offering, FastStart for Payables, organizations can automate labor intensive processes to reduce costs and improve efficiencies. Working in conjunction with your existing AP system, this configured set of software and services enables you to:

• Process AP documents in seconds, not days
• Reduce costs on shipping, storage, supplies and other related expenses
• Avoid late payment penalties or take advantage of early payment expenses
• Detect duplicate invoices to prevent errors in payment
• Meet your regulatory compliance requirements.