What is the AP automation process?

AP automation, or accounts payable automation, is the process by which accounts payable processes are handled digitally using technology, rather than manually. It has revolutionized the way businesses process and pay their invoices.

What would your accounts payable process look like if you removed all the obstacles they face?

If you’re still working with paper checks and paper invoices — and recent statistics suggest that over 40% of you are, then it’s time to re-evaluate your AP process.

According to Goldman Sachs: Manual labor is the most significant driver of cost in AP. But if you switch to an automation solution you can save 70-80% of your time, which leads to a cost saving of 33%. By employing a smart AP platform it’s possible to mitigate AP challenges while at the same time increasing efficiency and cost savings.