Comdata Launches ASAP Solution to Help Growing Businesses Automate Accounts Payable

Comdata, a provider of corporate payment innovation, has released ASAP, an automated, streamlined accounts payable solution that helps businesses eliminate the manual burden of processing invoices, paying bills and reconciling their books. Paired with a dedicated service team, ASAP is designed to work with a company’s existing accounting software to make accounts payable centralized, electronic and simple. Comdata is a FLEETCOR company (NYSE: FLT).

“Our mission is to make corporate financial operations as seamless as what we experience as consumers,” said Kurt Adams, president of Comdata’s Corporate Payments division. “Between paper checks, manual processes, fraud and fragmented tools and software – companies spend too much time and money managing accounts payable instead of growing their core business. ASAP is our solution to that problem.”

ASAP by Comdata helps growing small and mid-size companies eliminate paper and manual data entry in their accounts payable process, minimizing errors and unnecessary financial risk. Industry research shows that the cost to process and pay a single paper invoice is $17 (approximately $12 to process a single invoice and over $5 on average to process a paper check) and takes 10 business days. ASAP cuts that cost by up to 80%, while reducing the time it takes to process and pay invoices to as few as three days. ASAP clients maintain full control of their approval process, who they pay, how much and when. This new solution simply removes much of the manual effort surrounding accounts payable.