Invoice processing is an unavoidable part of doing business. Managing the accounts payable (AP)process can be time-consuming, resource-intensive, and costly. Manual data entry and convoluted approval workflows can create opportunities for errors to creep in and costs to spiral out of control.
While many businesses think the journey to accounts payable automation is long and complex however it doesn’t have to be.
There are many ways to start and in a lot of cases doing it in bite size chunks can provide quicker returns.
By Nasir Khan Do you know what the biggest resource waster in accounts payable (AP) is? If you guessed manual handling and processing of invoices, you’d be correct. Without AP automation, physical mail needs to be opened and re-directed, emails forwarded and/or printed, approvers followed up, purchase orders validated, data entered,
This article is from The Educator, ‘How tech can improve your school’s internal processes’. Click to read more
Accounts Payable Automation is relevant to any business in Australia with staff who touch invoices at some point during their work day. From opening mail, signing invoices, keying data into finance systems or filing them away, Invoices are a necessary evil to doing business. Because of this, most businesses Upstream speak