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Processes

What will AGI do for Process accounts payable (AP)?

AI-deliverabilitydigital

Without seeded child occupations, the evaluation relies on the process name and description. Processing accounts payable is a pure information-transformation workflow, heavily reliant on 'key technology enablers' and financial software systems. As a core financial management activity, it is highly software-addressable knowledge work.

An invoice is received from a supplier or vendor for goods or services provided.

Trigger
An invoice is received from a supplier or vendor for goods or services provided.
Outcome
The supplier is paid according to the agreed terms and the accounts payable ledger is accurately updated.

The work itself

Grounded Work Profile

Measured by

  • Cost Per Invoice ProcessedprocessProfile
  • Invoice Processing Cycle TimeprocessProfile
  • First-Pass Match RateprocessProfile
  • Percentage Of Invoices Paid On TimeprocessProfile

Key steps

  • Receive and capture supplier invoicesprocessProfile
  • Perform matching against purchase orders and receiving documentsprocessProfile
  • Route unmatched invoices or exceptions for review and resolutionprocessProfile
  • Approve validated invoices for paymentprocessProfile
  • Schedule and execute the payment transferprocessProfile
  • Update the accounts payable ledger and reconcile the transactionprocessProfile

How AGI delivers it

Four ways AGI delivers for Process accounts payable (AP)

  • Services-as-Software

    Get the professional outcome delivered as software, priced on results, not headcount.

    Services.do

  • Autonomous Agents as digital employees

    Hire a digital employee that does the job under earned, supervised autonomy.

    Agents.do

  • Business-as-Code

    Encode how your work runs, once, as software that executes itself.

    Platform.do

Value flow

How Process accounts payable (AP) connects

automated by

measured by

  • Average cycle time in working days from when an invoice exception is detected to when the exception is resolvedstandard
  • Cycle time in days from receipt of invoice until approved and scheduled for paymentstandard
  • Cycle time in days from receipt of invoice until payment is transmittedstandard
  • Cycle time in days to resolve an invoice errorstandard
  • Cycle time in hours to enter invoice data into the systemstandard
  • Estimate if not using AI - Cycle time in days from receipt of invoice until approved and scheduled for paymentstandard
  • Estimate if not using AI - Percentage of total annual number of purchase orders processed error-free the first timestandard
  • Estimate if not using AI - Total cost to perform the process "process accounts payable (AP)" per invoice processedstandard
  • Number of FTEs that perform the process "process accounts payable (AP)" per $1 billion purchasesstandard
  • Number of FTEs that perform the process "process accounts payable (AP)" per $1 billion revenuestandard
  • Number of FTEs that perform the process group "process accounts payable and expense reimbursements" per $1 billion revenuestandard
  • Number of disbursements per FTE that performs the process "process accounts payable (AP)"standard
  • Number of invoice line items processed per FTE that performs the process "process accounts payable (AP)"standard
  • Number of invoiced line items per $1,000 purchasesstandard
  • Number of invoices processed per $1,000 of purchasesstandard
  • Number of invoices processed per FTE that performs the process "process accounts payable (AP)"standard
  • Number of payables invoices processed per $1 million revenuestandard
  • Other cost to perform the process "process accounts payable (AP)" per invoice processedstandard
  • Outsourced cost to perform the process "process accounts payable (AP)" as a percentage of the total cost of the processstandard
  • Outsourced cost to perform the process "process accounts payable (AP)" per $1,000 revenuestandard
  • Outsourced cost to perform the process "process accounts payable (AP)" per invoice processedstandard
  • Outsourced cost to perform the process group "process accounts payable and expense reimbursements" as a percentage of total process group coststandard
  • Outsourced cost to perform the process group "process accounts payable and expense reimbursements" per $1,000 revenuestandard
  • Overhead and other cost to perform the process "process accounts payable (AP)" per invoice processedstandard
  • Overhead and other cost to perform the process group "process accounts payable and expense reimbursements" as a percentage of total process group coststandard
  • Overhead and other costs to perform the process "process accounts payable (AP)" as a percentage of total process coststandard
  • Overhead cost to perform the process "process accounts payable (AP)" per invoice processedstandard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform management activitiesstandard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "adjust accounting records"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "approve payments"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "audit invoices%2Fkey data into AP system"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "maintain%2Fmanage electronic commerce"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "process financial accruals and reversals"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "process payments"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "process payroll taxes"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "research%2Fresolve payroll exceptions"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "respond to AP inquiries"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "retain records"standard
  • Percentage of FTEs that perform the process "process accounts payable (AP)" that perform the activity "verify AP pay file with purchase order vendor master file"standard
  • Percentage of disbursements that are first time error freestandard
  • Percentage of discounts available that are takenstandard
  • Percentage of invoice line items matched with a purchase orderstandard
  • Percentage of invoice line items paid on time by the business entitystandard
  • Percentage of invoice line items received electronicallystandard
  • Percentage of invoice line items that are matched the first timestandard
  • Percentage of invoice line items which are manually keyed into the financial systemstandard
  • Percentage of invoices paid on timestandard
  • Percentage of invoices paid within the discount periodstandard
  • Percentage of supplier invoices approved electronicallystandard
  • Percentage of supplier invoices captured using optical character recognition (OCR) technologystandard
  • Percentage of supplier invoices identified as fraudulentstandard
  • Percentage of supplier invoices manually keyed into the financial systemstandard

Go deeper

Explore Process accounts payable (AP)

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