Managing the accounts payable (AP) process at a university can feel like a never-ending game of paperwork tag. With piles of invoices, endless approvals, and the pressure of tight deadlines, it’s easy to get overwhelmed.
But what if there was a way to simplify all of that?
Enter AP automation for higher education — your solution to tedious, manual AP processes. Automating the AP process saves time, reduces errors, and builds better relationships with vendors — all while creating a smoother, more efficient workflow that lets your team focus on moving your university's mission forward.
What is AP Automation?
AP automation is the use of technology to speed up and simplify the accounts payable process. Instead of doing everything by hand, automation handles repetitive tasks like coding invoices, tracking payments, and getting approvals for you.
Automation solutions help reduce mistakes, make things move faster, and keep payments accurate. For universities, this means less time on paperwork and more time making strategic decisions.
The Challenges of Manual Invoice Processing
Many universities rely on enterprise resource planning (ERP) systems that include built-in invoice automation modules, expecting seamless invoice processing. While ERP systems help in some ways, their built-in AP features don’t always fit the needs of higher education.
Common problems include:
- Inaccurate Invoice Reading: The OCR (Optical Character Recognition) tech in most ERP systems often struggles with complex or long invoices. This leads to errors that AP teams must fix by hand, wasting time that could be used for more important tasks.
- Slow Approvals: Manual approvals can cause big delays. When universities have to pay many vendors for different projects, slow payments can lead to late fees or bad vendor relationships.
- Limited Flexibility: Universities have unique financial needs, such as handling grants, research funds, and department budgets. ERP systems aren’t always flexible enough to handle these specific tasks smoothly.
That’s why AP automation for higher education is so important. It simplifies the entire process — ensuring that invoices are handled quickly and accurately.
Meet Nimbello: The Game-Changing Solution for Higher Education
Meet Nimbello — a groundbreaking invoice automation solution designed to address the pain points experienced by universities. Nimbello offers a comprehensive automated system that boasts a 99% accuracy rate. This means universities can trust Nimbello to efficiently and effectively process invoices — while reducing the need for manual interventions.
Advantages of Nimbello
Nimbello’s advanced invoice automation is built for the complex needs of universities. It boosts efficiency, saves time, and reduces errors. Here’s how:
- 99% Accuracy: Nimbello's advanced, AI-powered technology ensures fast and efficient invoice processing that minimizes errors, reduces the need for corrections, and ensures line-level accuracy.
- Operational Efficiency: Nimbello's superior accuracy allows AP teams to spend less time on AP and more time on strategic tasks that drive your institution's goals forward.
- Seamless Integration: Nimbello seamlessly integrates with your existing systems, making the transition smooth and reducing disruptions in university operations.
- Tailored Solutions: Nimbello can be configured to suit the specific needs of universities, ensuring a perfect fit for each institution.
Why Universities Should Invest in AP Automation
AP automation provides more than significant time savings. It also helps ensure:
- Cost Savings: Manual invoice processing and fixing errors can be expensive. Automating these tasks lowers costs and improves accuracy.
- Compliance and Audits: Universities must adhere to strict audit and compliance rules. Automation helps keep records clean, accurate, and easy to find — reducing the risk of non-compliance.
- Better Vendor Relationships: Paying vendors on time is key to maintaining strong relationships. AP automation helps you make sure payments are on time, every time.
- Room to Grow: As your university grows, so does your financial to-do list. But manual AP systems can’t easily scale with these growing tasks. But an AP automation solution, like Nimbello, can be built to grow alongside your institution. This means AP tasks always run smoothly — no matter how big your university's operations get.
Take the Next Step with Nimbello
With the fast pace of education, now is the perfect time for universities to switch to AP automation. Institutions that adopt AP technology will immediately see the benefits and realize that automation isn’t just the future — it’s the present.
With 99% accuracy, faster approvals, and easy customization, Nimbello is the perfect partner for universities looking to improve their AP processes.
With AP automation for higher education, Nimbello provides the fast, accurate, and easy solution your team needs to focus on what really matters — supporting students and faculty.
Schedule a demo today to learn how Nimbello can transform your university’s AP department.