Accounts payable departments are crucial to managing the cash flow at any company. However, many of these organizations experience significant disruptions in their workflow due to an unmanageable amount of paperwork.
Much of the paperwork in the accounts payable department comes from processing invoices. Until recently, invoice processing was primarily a manual task performed by an accounts payable specialist. However, as technologies like artificial intelligence, robotic process automation, and machine learning have made headway in improving many of today’s existing business processes, organizations are now looking to adopt those technologies to achieve accounts payable automation.
In this guide, you’ll learn how invoice processing functions within the accounts payable department, some of the problems associated with processing invoices, and factors to consider when evaluating automation solutions.