Automating Accounts Payable

(from FEI Daily) Even before the pandemic, the accounts payable (AP) function was already a strong candidate for automation — with time-consuming manual processes and high risk of human error, the opportunity to improve quality and efficiency was significant. Now, with mounting budget constraints, AP teams have been shifting rapidly. Some key considerations for an automation-first approach:

• Embrace the universal challenge: Examine the entire process. 
• Getting started with invoice processing is just the beginning. 
• Track the value of changes. 
• Automate other processes. 
  

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