If the purchase order (PO) can be pulled from your integrated accounting system, your invoice automation software will help match your invoice data to the PO to ensure it’s valid. Let’s say you have an invoice in your system that needs verification. The beauty of a paperless AP function (beyond saving trees) is that once everything is digital, invoices are turned into actionable data for automation workflows, integration capabilities, and unified communication on top of the invoice.įor instance, consider QuickBooks accounts payable automation. The second is to scan vendor invoices into your AP automation system. The first is to convince your vendors to invoice electronically by pointing out all the benefits. Going paperless starts with the invoices you receive from your vendors, but if they’re unwilling to send electronic invoices (e-invoices), you have two options.
If you’re looking to streamline your Accounts Payable department and save time and money for both your organization and your AP team, here’s your detailed invoice processing guide:įrankly, if you’re not willing to go paperless for processing invoices, your ability to streamline your AP function will be limited. In this guide, we discuss how invoice processing automation tools are enabling Accounts Payable (AP) departments to keep their current workflows and how AP technology is streamlining their existing invoice processes. These automated invoice processing systems help accounts payable teams automate the capture, coding, and sending of invoice for approval in addition to automatically assigning approvers and pushing invoices into financial systems for payment. Automated invoice processing software is akin to AP Automation. The Benefits of Automated Invoice ProcessingĪutomated invoice processing software is used by the accounts payable department to streamline invoice processes, add more control over internal processing functions with tracking functionality, and improve the speed at which vendor invoices are processed.
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