oboloo

oboloo Glossary

Automation Of Accounts Payable

oboloo Glossary

Automation Of Accounts Payable

Automation of Accounts Payable is a business process designed to streamline and automate the accounts payable process, from invoicing to payment. It is a way to reduce manual data entry and ensure accuracy, speed, and efficiency. It is a form of intelligent automation that leverages artificial intelligence and machine learning to automate the entire accounts payable process. It automates the process of receiving and validating invoices, matching invoices to orders and delivery receipts, coding invoices with financial data and account numbers, and eventually routing the invoices for approval. Automation of Accounts Payable enables companies to reduce the time and cost of the accounts payable process, reduce manual errors, and increase visibility into the accounts payable process. Automation of Accounts Payable also provides companies with access to real-time data, which can be used to make better financial decisions. Additionally, automation of Accounts

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971