In these challenging economic times, companies are scrutinizing all departments to try and cut costs and locate inefficiencies. One department that finds itself "under the gun" is accounts payable. With manual order processing, stacks of invoices and piles of purchase orders resulting in higher error rates, increased costs, and delayed cycle times, accounts payable could use a change.
Document process automation can help save time and money in accounts payable by alleviating the need for such paper and manual processing. With accounts payable automation information from invoices or purchase orders is automatically extracted, regardless of whether it's in paper or electronic form. The information is then checked against a financial or enterprise resource planning (ERP) such as SAP.
Read this paper to learn how document process automation can speed up accounts payable processes, add to the company’s bottom line by cutting costs, reduce cycle times, and allow for faster financial statements and fewer late payment fees.
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