Accounts Payable Automation: Streamlining Invoice Processing and Reconciliation
Accounts payable (AP) automation is a comprehensive solution that automates the end-to-end AP process, including invoice receipt, data capture, workflow approval, electronic invoice reconciliation, and payment execution. In a traditional AP setup, the reconciliation process involves manually matching invoices to purchase orders and receiving reports, which can be a time-consuming and error-prone task. AP automation eliminates this challenge by leveraging technology to streamline the entire process.
