Automation Solutions for Finance and Accounting
Automating your AP payment processing lowers costs, boosts visibility, and offers more control over how payments are handled.
Why Adopt End-to-End Automation in Finance and Accounting
Did you know that only about 9% of AP departments are fully automated? Or that, while 77% of AP teams use some kind of automation, 66% still process invoices manually? Upgrade to accounting and finance automation solutions to maintain a competitive advantage.
Eliminate manual data entry
Automation saves time and reduces errors by extracting line-item data and other info from invoices without requiring new setups for each vendor.
Cut down on exceptions
Use automation to set configurable business rules that make sure that invoices are routed quickly and accurately every time.
Reduce journal entry adjustments
Allow invoice approvers and budget owners to submit their own ERP-validated coding for invoices, reducing the need for rework.
Eliminate bottlenecks
Automatically monitor invoice and payment processing workflows from a single source of information, making it easy to identify issues.
Consolidate your invoices
Electronic remittances and checks with positive pay enable you to consolidate automated payments via ACH based on invoice due dates and vendor preferences.
Reduce invoice volume
End-to-end automation with built-in checkpoints allows you to view outstanding payables at a glance.
Avoid AP fraud
Automating AP functions provides visibility and establishes protocols that make invoice fraud harder to perpetrate and easier to detect.
Unlock the power of AI
Artificial intelligence tools streamline AP processes, boost accuracy, and eliminate repetitive manual tasks, saving time and money.
“ MHC offers solutions to streamline business processes that take your efficiency to the next level. They truly care about their customers and go above and beyond to ensure that the products they offer function well. They are readily available when needed and always there to help. They offer a variety of business automation solutions to help companies focus on what matters!”
DOCUMENT AUTOMATION VIDEO
Meet MHC NorthStar
Finance and Accounting Automation Solutions
MHC NorthStar for AP puts control of your invoice and payment processing in the hands of your AP team, empowering them to handle a higher volume of invoices and payments with the same or fewer resources. That increased efficiency boosts your bottom line by making it easier to reduce invoice late fees, receive discounts for early payments, eliminate duplicate invoices, and increase visibility into outstanding liabilities to enable wise spending decisions.
MHC NorthStar is a born-in-the-cloud model that introduces accessibility, scalability, and efficiency into the process from invoice to payment.
Key Document Automation Features for Customer Operations
Intelligent Invoice Capture
Machine learning enables intelligent document processing tools to train themselves and pull invoice data from any digital or physical source.
Configurable Routing for Any User
Automated invoice routing with configurable business rules allows for straight-through processing with far fewer exceptions.
Simplified Approvals
Authorization tools make it easy for any authorized person to approve invoices onsite or remotely, using any device or workspace.
Role-Based Dashboards and Reports
Optimize work leveraging dashboards and high quality reports with charts and graphs of key AP areas, including invoice spend summaries and statuses, unprocessed invoices, invoices sorted by team members or due dates, upcoming tasks, and more.
Dynamic Image Retrieval
Pull images, supporting documents, and related data for payments and invoices directly from your ERP systems.AI-powered document creation.
Pre-Built Workflows
Configurable workflows automate functions like data validation and duplicate invoice detection. That makes for simpler maintenance and faster implementation.
Easy Web Forms
User-friendly tools and automated ERP data integration allow even non-IT employees to create responsive web forms for payment requests, reimbursements, and more.
Flexible Payment Processing
Tailor approval rules to meet every vendor’s specific needs, including processes for ACH payments, positive pay files, electronic remittances, and more.
AI-Powered Document Creation
AI-assisted document automation for accounting enables you to create templates, documents, and content fragments optimized for tone and length.
Secure Remote Print
An automated remote print solution ensures security for sensitive finance and accounting documents, with data encryption, user authentication, and secure releases.
Faster Auditing
Centralizing data enables auditors to quickly search for invoices and payments and track a detailed history of every document and action.
Where Can Automation Help in Finance and Accounting?
Speed and accuracy are vital to any effective AP operation. An end-to-end finance and accounting document automation solution keeps your team moving faster and delivers accurate data in a number of areas, including:
Transaction Processing
Finance document automation enables your team to streamline invoice processing, invoice matching, payment scheduling, reconciliations, and more.
Payroll Processing
Simplify everyday payroll functions by automating calculations, disbursements, and deductions. Automatically file payroll taxes, create payslips, and optimize workflows.
Vendor and Customer Management
Maintain strong relationships with streamlined vendor setup processes, automated compliance checks,and automatic customer credit checks.
Expense Management
Stay on top of expenses by automating reimbursement processes and approval workflows, while also ensuring compliance with internal policies.
Audit and Compliance
Automated workflows boost compliance with regulations and industry standards, reduce human errors, and create an easily accessible audit trail.
Data Entry and Management
Eliminate manual data entry and the errors that go with it. Automated CCM software with optical character recognition (OCR) pulls data from any source, even paper documents.
Insights and Analysis
Get meaningful insights into your data and communications with automated workflows that provide deep visibility into every step in your document processes.
Request a Personalized Demo
Ready to see how MHC NorthStar can automate, refine, and expedite your finance and accounting process? Sign up now for a free demo!
How Customers Succeed with MHC Software
Industry:
Financial Services / Financial Institutions
Location:
Global
Size:
95,000+ employees
Primary Use Case:
Document automation for payment-related communications and regulatory documents
Scale:
High-volume, global document generation for payment platforms
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In Our Customers' Own Words
Administrator
Government Administration
” Switching to the MHC system has made our process much more efficient with a significantly faster turnaround. Instead of waiting up to a week for paper invoices, directors now receive email notifications immediately and can track everything on the dashboard, from due dates to outstanding amounts. It’s been a great upgrade from our old process. “
Financial Services Industry Customer
” With MHC software, generating simple SWIFT forms takes as little as one second, and even complex 30-page documents take only a few seconds. ”
Business Tech Industry Customer
” MHC has been a great solution to automate large monthly statement runs very quickly and efficiently.” ”
Edward Corbett
Hospital & Health Care
” Software is very easy to set up and maintain. “
Public Sector Customer
” Using MHC software in conjunction with our existing AP module, we have been able to gain efficiencies in processing, auditing, approving, transportation, storage, research and interactions with our vendors. The solution was relatively inexpensive and simple to deploy and to train. The feedback from every type of user has been extremely positive. “
Efficient invoice processing and check printing.
Cox Health reduced its invoice processing time by more than half, freeing up headcount for more value-added tasks and allowing for increased scalability and productivity.