What is accounts payable automation?

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Automation in accounts payable transforms the invoicing process by reducing manual tasks, speeding up approvals, and improving accuracy. It allows businesses to capture, process, and store invoices with minimal human intervention. When talking about accounts payable automation, key features to look for include:

Intelligent invoice capture: A system that can automatically scan and categorise invoices using technology like advanced recognition software technology, ensuring data is captured quickly and accurately.
Automated workflows: Automated workflows that route invoices through the correct review and approval processes, prompting the right people at the right time and sending notifications to keep things on track.
Secure archiving: A secure, organised system that automatically files invoices and related documents for easy access and compliance.
Reporting and audit trail: Reporting features that provide visibility into the status of invoices, along with an audit trail to ensure full transparency and visibility.

Easy-to-implement and tailored for your business, accounts payable automation solutions can integrate seamlessly with your existing systems and are easy to use. With one system to handle your entire accounts payable workflow, you can accelerate invoice processes, prepare audits without worrying about unrecorded data or manipulation, and gain deeper control over cash flow.