Account Payable Automation Definition
Account payable automation is the process of automating the accounts payable function in an organization. This can include automating the entire Accounts Payable process, from invoice processing and payments to supplier communication and reconciliation.
Organizations may choose to automate their Accounts Payable function for a variety of reasons, including reducing costs, increasing efficiency, and improving supplier relations. Automating Accounts Payable can also help to improve an organization’s cash flow and working capital management.
There are a number of different ways to automate Accounts Payable, including using software or outsourcing the function to a third-party provider. The right solution will vary depending on the specific needs of the organization.
