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Unlock the power of your AP data.
Analytics in standard accounting systems are limited, lack depth, and are generally not fit for purpose.
Kloo transforms your data into focused, actionable insights, optimising efficiency of your Accounts Payable and empowering your finance team with data-driven decision-making.
See your key metrics at a glance, powered by Generative AI.
Gain unparalleled visibility into your accounts payable with metrics like outstanding PO balances, aged balance reports, and average time to process and pay an invoice. Identify bottlenecks in your approval process and pinpoint slow approvers or payments, empowering your finance team with the data they need.
Leverage Kloo's advanced AI capabilities embedded throughout the platform.
Streamline procure-to-pay efficiency with the detailed AP insights your accounting system lacks.
Intuitive user-friendly interface and navigation, improving overall user experience and functionality.
Easy self-service customisation and configuration with no need for third party development.
Strengthen supplier partnerships and say goodbye to late payment penalties.
Seamless, one-click data sharing between Kloo and your current accounting tools.
Our AP Analytics resources empower business decisions and provide unparalleled insight.
Optimise AP efficiency with Kloo's AP Insights for reporting, track key metrics for smarter decisions and improved accounts payable performance.
Unlock the potential of your payables data with Kloo's AP Analytics dashboards to gain real-time visibility, track key metrics, and improve efficiency and profitability.
Discover how Kloo's AP Analytics can strengthen your supplier relationships. Enhance your reporting with advanced analytics and dashboards, and make data-driven decisions.
The best way to monitor accounts payable is through a comprehensive dashboard that covers key metrics such as outstanding invoices, aging balance, and AP efficiency statistics. This allows you to see everything in one place in real time, ensuring efficient and accurate financial management. Additionally, a well-structured dashboard can help identify potential issues early, enabling timely corrective actions.
There are many KPIs for accounts payable including:
1. Aging Balance Report: This KPI tracks the amount of outstanding payables and categorises them by age, helping you manage overdue invoices effectively.
2.Average Payment Time: This measures the average time taken to pay suppliers, indicating the efficiency of your payment processes.
3. Approvals Efficiency: This can be tracked with various metrics, such as the average approval time, to ensure invoices are processed and approved promptly.
To keep track of invoices to pay, use a dashboard that shows the number of outstanding invoices, tracks the time to pay, and ensures payments are within terms. This provides real-time visibility and helps maintain efficient and timely payment processes.
An AP dashboard is a centralised tool that displays key metrics related to accounts payable, such as outstanding invoices, payment due dates, and approval statuses. It provides real-time visibility and helps streamline the management of payables to ensure timely and efficient payments.
An aged balance report is a metric that categorises outstanding invoices by the length of time they have been unpaid. It helps businesses identify overdue payments and manage their accounts payable more effectively.