Automated Accounts Payable Systems (AAPS) is the official business definition for an integrated system that automates the processing of payables transactions. This system is designed to automate the entire accounts payable process, from the initial invoice entry to the final payment. It can also be used to manage vendor information, track spend and monitor compliance with internal policies. In addition, it can provide added levels of control and visibility into the accounts payable process.
AAPS are designed to streamline accounts payable operations, improve the accuracy of payments and reduce the time required for manual processing. The system can be used to provide greater security and control over the accounts payable process, as well as help organizations to identify and address any potential risks. As a result, organizations can benefit from greater efficiency and accuracy in their accounts payable operations.
The system can also be used to create and manage vendor relationships