Release holds efficiently for achieving seamless payments
Accounts Payable: Effective Release Hold ensures real insights into the process and helps the company in the real-time decision-making process relating to payment release hold. This reduces the chances of errors incurring due to manual releases of holds.
This is where Navcara and Celonis combine their strengths:
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Navcara, in collaboration with Celonis streamlines the entire payment process so that the businesses can avoid obstructions in the path of Release Hold .
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Action flows generate reminders for the company to schedule their payment before their due date is crossed to maintain a positive relationship with the suppliers.
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Process mining helps identifying the root causes behind payment discrepancies to avoid payment holds.
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This provides the customers with opportunities to discard the elements responsible for cancellation of invoices with robotic process automation (RPA).
Features & Capabilities
Pre Dashboard sets forth a current view of the Accounts Payables process about the Release Hold. It lays out details such as release hold, manual release ratio, total invoice value, and rework rate trend. Apart from this, it is also responsible for displaying the top inefficiencies that are negatively impacting the process such as cancel invoices and manual release.
