Benefits of Invoice and Payment Automation
Improved Efficiency
Reduce manual tasks related to payment and invoice processing to drive operational and financial efficiency with AP automation.
Increased accuracy
Increase transaction accuracy with digitally matched POs, invoices and payments.
Timely payments
Automated exception handling through PO-to-invoice matching helps reduce errors and speed approval time for faster payments.
Reduce financial risk
Speed payment to suppliers to avoid potential late penalties and credit holds that add costs and jeopardize financial standing.
Offset operational costs
Capture prompt payment incentives, including early payment discounts and rebates.
Strategic cash management
With digital transaction data delivered to the ERP system, gain visibility to invoices and payments for predictability in cashflow and more accurate daily cash forecasting and strategic payment decisions.