Procure to Pay
Accounting Automation for Nursing Home Operators
Getting bogged down in back-office nursing home accounting only distracts from your mission.
Nursing and rehabilitation service providers need to focus on delivering the highest standard in clinical excellence in taking care of their residents.
To help solve this, CoreIntegrator has developed nursing home company accounting software that automates the entire process of procure to pay.
Nursing Home Operators Face Unique AP Challenges
We’ve developed a specialty in automating AP for nursing homes and assisted living companies.
So we understand that your company processes a high volume of non-PO invoices every year. Lease payments, utility bills, landscaping, and other costs of doing business are invoiced directly and must be paid accurately and on time.
And when you are managing these invoice payments for facilities across several states the bills and complexity pile up quickly. We also get that you have PO invoices to process for medical related supplies and inventory.
So you need a process that matches POs with packing slips/receipts as well as invoices. As a skilled care facility company, you need a system that can process both PO and non-PO invoices quickly, efficiently, and inexpensively.
That’s where CoreIntegrator comes in!
AP Automation Specifically Designed for Nursing Home Companies
At CoreIntegrator, we solve for all the unique AP automation challenges that you face.
Centralize your entire operation's procure to pay process in your corporate office.
It makes no sense to have dozens of facilities in several states receiving, approving, and in some cases even paying their own bills.
On the PO side, our solutions allow requisitions to be electronically passed from facilities to HQ and then go through an automated customized approval flow.
Need sign off at both the corporate as well as the facility level? With CoreIntegrator, no problem! Both can be achieved with a single click on any device from anywhere in the world.
On the direct invoice side, all the bills for every facility can be processed directly at your corporate HQ.
You or your facilities simply email all invoices and bills to the cloud and your invoice data will appear in your work queue within one business day.
Best of all, that data will have been reviewed for accuracy by at least two and up to four humans - providing absolute confidence in the accuracy of the invoice data.
And our Verified Data Capture Service provides near-100% accuracy of invoice data capture. Even for hard-to-interpret utility bills. Or hand-scrawled landscaping invoices. With no expensive OCR technology needed!
See how the CoreIntegrator Data Capture Service can make your AP staff 500 times more efficient!
From there our Smart AP robotic process automation completes your data entry and invoices are sent for approval. Which, again, can be made with a single click on any device from anywhere.
Once approved the invoice can be routed to your ERP for payment. And we can integrate with virtually any ERP or accounting system. Or you can choose to use CoreIntegrator’s ePay solution to set up electronic payments by eCheck, ACH, wire transfer or Virtual Credit Card.
But why not use virtual credit cards to pay your invoices and earn cash back for every invoice that your company pays!?
With CoreIntegrator's payment automation via OnPay Solutions your business will see the benefits of payment automation.
See how full end to end procure to pay automation can save your company time and money.
Reduce overhead and costs
How much will your assisted living company save with CoreIntegrator procure to pay automation?
One skilled nursing home company customer that implemented our automated procure to pay solution was able to re-purpose 65 employees that used to process invoices at the facility level.
Today their AP process is so automated and efficient that it requires only 7 AP clerks processing invoices at the company’s central office to pay the same bills that 65 employees used to handle.
That’s an 89% reduction in overhead costs associated with purchasing and paying bills!
And by converting just a small percentage of its invoice payments to eCard payments, the rebates would turn this company’s AP department into a profit center!
Use our Cost Savings Calculator to get an idea of how much your nursing home company could save – or make in profit!
Improve procurement and bill payment efficiency
Not only will our procure to pay automation solutions save you time and money, it will also significantly speed up the purchasing and bill payment process. Automated electronic processing of invoices improves the turnaround time as well as the accuracy of the PO and invoice approval process.
No more late payment fees. No more over-payments, under-payments, or duplicate payments! It also means you can pay your bills much faster – and even qualify for early payment discounts!
Request a demo and let us show you how many benefits our AP automation solutions provide!
Track and use data from AP automation to achieve greater savings
Electronic archiving of legacy as well as current invoices allows for easier searching, reporting, and auditing of invoices.
But our assisted living facility company customers also use data from our AP automation solutions to track expenses, find anomalies, and further reduce expenses.
With greater insight into the bills they pay, our customers can identify less expensive vendors.
For example, say you have 2 facilities in the same area - if one landscaping company is charging far less than the other you will see that right away and be able to switch to the cheaper company for both facilities.
AP automation also protects our customers against invoice fraud. Any anomalous invoice is flagged, and AP staff can investigate it before your company pays a fraudulent invoice.
Let us show you how efficient your skilled care facility company’s AP can be.
Fill in the form with a few details and we'll be in touch to take you through our recommended solution for your specific circumstances.
At CoreIntegrator, we make people more productive.
Let us show you how we have saved our current skilled care facility company customers time and money. How centralization and insight into AP data can turn your company into a data-driven organization.
Contact us to request a demo today.