Automating Invoice-to-Pay: The Business Case
Everywhere you look technology is changing the way we live and work. We take pictures with our phones and talk to our bosses from the beach or the ski slopes. Soon enough a driverless car will take us to and from business meetings. Yet, many businesses are still processing their invoices and payments manually. Certainly there must be some technology that improves this very people-intensive and error-prone process. And there is. But before we discuss how and why invoice-to-pay automation helps, let’s take a look at some of the issues plaguing most accounts payable departments.
While most professionals who work in accounts payable do their very best to make sure the invoice-to-pay process runs smoothly, it often hits a few bumps in the road especially when the process is primarily manual. Like every other department, AP has limited time, people, and money.
There’s no getting away from it; manual processes are people- and time-intensive and this makes them expensive. This whitepaper takes a look at some of the more common issues that cause the overuse of AP’s limited resources.
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