When it comes to the financial health of your organization, access to real-time information is paramount. OnBase reporting tools provide actionable data and insight into process performance and the status of all invoices, payments, and other documents so you can have more accurate accounts payable reporting. With OnBase, you can:
Limited insight into invoice volumes makes it difficult to monitor accruals and accurately predict cash flowing out of the business. OnBase offers reporting dashboards that allow you to view and share the status of invoices and summarize liabilities for more accurate accrual reporting and reliable accounts payable metrics.
Dashboards present data in a variety of graphical formats to quickly view and interpret data such as the volume of invoices in each stage of processing. The real-time information provides finance leaders with a better view of upcoming cash requirements to better predict outbound cash flow.
OnBase reporting dashboards grant managers the ability to view accounts payable performance metrics like time to payment, time to invoice approval, workload per AP employee, and more. This visibility highlights bottleneck areas so managers can adjust workloads as needed or find additional process improvement opportunities. Interactive features allow users to easily monitor performance and analyze trends in real-time. OnBase reporting dashboards:
OnBase can help guard against compliance risk by providing a clear and auditable trail for every touch of a document in the payables process. With all documentation in a single, secure location, users can run exception reports to identify critical documents that may be missing in advance of an audit. With exception reports, you can: