Automating AP & Vendor Payments for Greater Efficiency and Control

As Function4 continued to grow, its accounts payable processes became increasingly difficult to manage. Invoice entry into ECl e-Automate required significant manual effort, while paper-based invoice workflows created delays through manual scanning, filing, and physical storage requirements. Payment processes relied heavily on checks, adding costs for printing, envelopes, and postage, while also slowing down vendor payments. In addition, bank reconciliation remained a manual and time-intensive task, limiting visibility into cash flow and increasing the risk of errors.

To address these challenges, Function implemented Formed Al’s AP and Vendor Payment Automation platform, transforming its processes into a fully digital workflow. Invoices are now captured and routed automatically through smart approval workflows, eliminating manual handoffs and email chains. Through seamless integration with ECI e-Automate, the platform leverages Al and machine learning to automate GL coding and cost allocation, significantly reducing manual entry. At the same time, vendor payments have been fully automated across checks, ACH, and virtual cards, creating a faster, more secure, and more efficient payment process. All invoice data and documents are stored digitally, providing real-time access and improved visibility across the organization, while reducing reliance on manual processes and enabling teams to focus on higher-value work.