Accounts Payable Automation 101
By automating accounts payable, businesses have improved operational efficiency by 80% and can earn an ROI of 366%. Additionally, businesses that automate accounts payable are making leaps and bounds toward mitigating one of the greatest sources of risk within their company.
In this topic paper, we present everything you need to know about AP Automation, including:
- Why automation is necessary for businesses across industries
- How Accounts payable automation works
- Key factors to consider when making your transaction
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The first step to managing accounts payable more efficiently is gaining an understanding of what the end-to-end process entails. At the end of the day, every accounts payable process includes four distinct steps — invoice capture, invoice approval, payment authorization and payment execution.View Whitepaper
Gone are the days when a growing company had to spend years developing back- office resources, processes, and customized systems before it could reach a scale where automation was justified. Today, middle-market companies can establish a hyper-efficient AP department from […]View Whitepaper