So, what is AP automation? Accounts payable automation (also referred to as AP automation) aims to optimize the process of receiving and processing supplier invoices. Then you can identify opportunities to improve and automate within each sub-process. Start by breaking down the accounts payable process into smaller, more digestible sub-processes.

An applicable analogy here is, “How do you eat an elephant? One bite at a time of course!” However, do not be overwhelmed by the high volumes and complexity. With its high transaction volumes and repetitive nature, it is no wonder that this is a target area for digital transformation. A delayed invoice process can result in late fees, supply chain disruption, and high invoice processing costs. Especially for global organizations with potentially tens of thousands of suppliers, and processing hundreds of thousands of invoices for multiple locations. The accounts payable process can be complex and time-consuming without automation. Read how these 8 AP processes can and should be automated now. And though an AP digital transformation can seem daunting, a “one-by-one” approach can help your organization start small and build up to total automation. Learn moreĪccounts Payable (AP) processes are complex and time-consuming, but with automation, these tedious tasks can be simplified and optimized for straight-through, touchless processing.

Say hello to fully automated processes with Basware Touchless Invoicing. Want to know more? Get in touch with one of our partner managers Ready to start a conversation? Get in touch with our solution experts

Ap process 3 way match