Ap Automation Solution Definition
Accounts payable automation (AP automation) is the process of automating the tasks involved in a company’s accounts payable department. AP automation can include anything from automating the invoicing process to automating payments.
The main goal of AP automation is to improve efficiency and reduce costs within the accounts payable department. AP automation can save companies time and money by reducing or eliminating manual data entry, improving accuracy, and increasing visibility into the accounts payable process.
AP automation solutions can vary depending on the needs of a particular business, but common features include electronic invoicing, online vendor portals, payment processing, and reporting tools. Many AP automation solutions are available as cloud-based software-as-a-service (SaaS) applications that can be accessed from any internet-connected device.
