AP Automation
AP Automation is a solution or series of solutions that helps organizations automate the processing of inbound invoices. Invoice processing is one of the most paper intensive processes within any organization, and depending on the size of the company, accounts payable departments can be totally inundated with paper. AP Automation and Invoice processing solutions can be a combination of software and hardware to provide the following:
- Scanning and capture of invoice documents and data
- Facilitation of approvals through AP workflow
- Archive and routing of invoices with a document management system
By creating a digital invoice process, companies can glean the following benefits:
- Decrease costs and personnel required in AP departments
- Eliminate the routing of paper
- Take advantage of early pay discounts
- Quickly identify errors