Many benefits come from using AP Automation. AP invoice automation uses a variety of technologies to reduce the number of manual steps needed to complete the purchase-to-pay cycle. Technologies such as document imaging, data capture, workflow, and integration with ERP and other financial systems are needed to achieve lower operating expenses, improved payment performance, improved visibility, and opportunities for growth.
On the surface, AP automation technology doesn’t seem to have changed much. But vendors are responding to changes in the workforce and technological advances to provide software that doesn’t just store data, but also provides real-time data intelligence and insight. AP leaders can leverage these capabilities to stay ahead of the curve and drive more meaningful benchmarks.
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