Invoice Processing Automation

Invoice processing by definition is a business function performed by the accounts payable department which consists of a series of steps for managing vendor or supplier invoices from receipt to payment, and recorded in the general ledger. The entire process demands close due diligence and tiring manual effort. To help streamline this process and help companies, intelligent automation can be put to use and a completely Automated invoice processing can be designed.

Automated invoice processing 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. Automated invoice processing software is akin to AP Automation. 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. Some other advantages driven through automated invoice processing are:

  • Paperless Invoice Processing
  • Centralized data and process
  • Realtime access to established KPIs
  • Easy invoice communication

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