Efficiency Leaders Launches Accounts Payable Automation Appliance with ELAP Rapid AP

Sydney – 24th September, 2015 – Efficiency Leaders today announced ‘Rapid AP’: the world’s first accounts payable appliance that promises to slash processing times for mid-sized companies in the Australia and New Zealand. Rapid AP will automate the manually intensive process of receiving invoices from paper or email, classifying automatically and performing data validation tasks, before sending the digitised invoice to the company’s finance or ERP system.

Efficiency Leaders launch world’s first accounts payable automation appliance called Rapid AP @2automate ClicktoTweet

“We could see a market between low cost cloud solutions and the enterprise AP automation solutions provided by Efficiency Leaders. Rapid AP allows mid-sized companies to enjoy the benefits of automation like efficiency gains and work flow escalation” Carl Terrantroy, GM Sales & Marketing.

“Rapid AP enables businesses to reduce processing costs, increase visibility of cash flow and allow staff to concentrate on higher value activities, which improves productivity. Furthermore, businesses who take up this exciting offering will be able to leverage their initial investment, in ELAP technology, by extending the platform’s automation capabilities beyond Accounts Payable. The platform can be extended to cater for process improvement initiatives across all lines of business, so whether it’s AP, AR, HR, Payroll or many other business process challenges, ELAP Rapid is the answer! By reinvesting the cost savings and productivity gains realised from the first phase of automation, organisations can essentially create a self-funding, continuous improvement plan for their business. That’s exciting!” Lee Fisher, CEO Efficiency Leaders.

“Rapid AP brings together years of research and development to deliver business outcomes for our customers. Rapid AP is flexible, scalable and delivers on process efficiency for mid-sized organisations” ClicktoTweet

“Rapid AP combines the power of the cloud with on premise functionality to unlock the whole potential of automation” Luke Shaw, CTO Efficiency Leaders” ClicktoTweet

Rapid AP is a solution that leverages Efficiency Leaders’ ELAP Cloud, for extraction and validation of supplier invoice data, coupled with a pre-configured workflow engine to manage exceptions. ELAP Rapid AP workflows include receipt, approvals, GL coding and escalation, prior to being submitted to the finance system.

Rapid AP is available today from $2,499 + GST per month for 36 months and can be deployed in the cloud, on premise or a hybrid of the two.

For more information, please visit Rapid AP or follow us on twitter @2automate