Are You Falling Behind?
Discover If You Are An Industry Top-Performer
The wholesale market is hyper-competitive in every way, and in order to thrive operational efficiency and financial agility is vital. By adapting to technological advancements and changes in demand, top-performing wholesalers are able to flourish.
Yet many wholesalers remain shackled by ageing legacy systems, manual processes, and fragmented data landscapes. This not only drags down cash flow and productivity, but also exposes firms to escalating risks from costly invoice processing delays to data breaches.
What if There Was a Better Way?
Business Process Automation (BPA) offers wholesalers a transformative path forward, one that accelerates invoice processing, slashes costs, integrates disparate systems, scales with growth, and strengthens cybersecurity defences. Automation technologies can turn major pain points in wholesaler operations into a competitive advantage.
BPA is the differentiator to how top wholesale companies perform and set their account payable process above the industry standard. Inefficient accounts payable processes can lead to chronic late payments and ballooning costs. Research from APQC (2024) reveals a startling performance gap:
The Importance of Business Process Automation
£20,580 Saved Per Year
Top-performing companies will save based off 500 invoices per month
Synertec and Business Automation
We can accelerate your businesses and digital transform your operational processes with our Prism solution.
Prism elevates your business to be a top-performing wholesaler, automating important business functions such as accounts receivable and accounts payable to reduce costs, and speed up delivery.
Having Efficient and Modern Business Automation Can Lead to:
Reduction in Data Corruption and Duplication
Decreases
Audit Risk
Improved Validity
of Reporting
Removes Slow and Error-Prone Manual Reconciliations
Get in Touch With Our Experts
Fill out the form and one of our experienced team member will contact you to discuss how you currently work, what your requirements are, and how we can help you.
This free, no obligation consultation will unearth your business’ pain points. We will suggest the solutions and strategy that will work for you, delivering a tailored roadmap to ensure you achieve your goals with confidence.
Don't Wait to Digitally Transform
Over 50% of CFOs cite poor system integration as a key roadblock to digital transformation, forcing finance teams into tedious manual corrections of data corruption and reporting inconsistencies, (Deloitte, 2023).
Synertec Helps Wholesalers with
Accounts Payable
Automation
Prism monitors your Account Payable inbox or network location to capture your invoices, extracting and validating the data from these documents.
This is matched against the data provided on a purchase order from your ERP system. It will then provide data to a file destination or your choice, ready for upload into your finance system.
A copy of the purchase invoice will be archived and indexed to your requirements for easy retrieval in the Prism Client.
Statement
Reconciliation
Prism software will pick up the Statements directly from your mailbox and extract the transaction details.
When reconciliation is required, output a report from your internal system and Prism will automatically ensure a comprehensive and accurate comparison.
Once the comparison has been completed, Prism will then generate a detailed report that highlights both matched and unmatched transactions. This empowers you to quickly identify any discrepancies.
Accounts Receivable Automation
Using VaultLink™ allows your customer to make payments, request documents, raise queries, and send payment advice using their smart phone, tablet, or PC.
By doing so this can improve your cash flow and reduce debtor days. VaultLink™ can be accessed to your customers via email or QR code and can view statement values and payment instalments before proceeding.
Protect you and your clients document from digital intruders with encrypted links that secures your sensitive information.
Scalability: Growing With Synertec
Synertec offers a scalable solution designed to grow with your business; from small enterprises to complex global operations. It ensures:
- Error-free data capture
- Efficient process automation
- Regulatory compliance
Our fluid scalability in automation means wholesalers can confidently pursue growth without fearing operational breakdowns or compliance failures. Not only this Synertec is capable of working with any type of documentation and legacy systems to seamlessly interact with your data and invoices to help you become a top performer in the wholesale industry.
Manual Admin and Credit Control:
How Synertec Resolves the Hidden Time Sunken Cost
Despite advances in technology, 64% of CFOs still rely on outdated document and payment management systems (Deloitte, 2023), forcing them into labour-intensive manual controls that sap time and obscure real-time financial visibility.
Automation unlocks real-time insights, facilitating:
- Faster credit decisions
- Reduced admin overhead
- Proactive risk management
With modern BPA tools, wholesalers gain control over their cashflow processes with clearer visibility, essential for agile financial strategy.
- One of the UK’s leading agriculture wholesaler
- Faced problem of strenuous high volumes of invoices that were manually processed resulting in human-error
- Synertec stepped up to excel their business processeses with high-level business automation and use of VaultLink™
SAVED EVERY MONTH USING VAULTLINK™
PARTNERSHIP WITH SYNERTEC
Learn About VaultLink™
How VaultLink™ Can Benefit You
Improve Cash Flow
Using VaultLink™ has been
shown to reduce debtor days, therefore improving cashflow.
Reduce Time Wastage
Customers can request and automatically receive documents such as invoices, allowing you to focus on business-critical tasks.
Increased Security
Sending a secure link to your customers eliminates the need for a traditional username and password that can be vulnerable to security risks.
Use It On The Go
VaultLink™ can be accessed via smartphone, tablet or desktop, ensuring your customers can access documents or make payments any time, any place.
We'd Love to hear from you
As with all Synertec solutions, our accounts payable and account receivable services can be configured to your unique needs.
If you'd like to understand how they can be tailored to you, ask us about our bespoke solution plans.