Accounts payable (AP) automation is a technology solution that streamlines the invoice-to-pay process by eliminating manual data entry and paper-based workflows. This approach uses optical character recognition (OCR), artificial intelligence, and machine learning to capture invoice information, route approvals, and execute payments while maintaining detailed digital records. The results result in lower costs, better cash flow management, and stronger vendor relationships. Companies implementing AP automation typically experience reduced processing costs, faster payment cycles, fewer accounting errors, and improved financial visibility. The article explains how AP automation works, the benefits it provides, and how companies are using it to transform their finance operations.
Source
This post was brought to you by Wrk. Our bot looks for news related to automation and post daily.
