11 Reasons Why Automating Accounts Payable is a Game-Changer
Published on:30 August 2024
Have you ever found yourself buried in a sea of invoices? Or perhaps chasing approvals, or dealing with the headaches of manual data entry?
Then you know how time-consuming and prone to errors accounts payable can be. But that’s where automation comes into play.
In this article, we’ll give you 11 reasons why you should be automating accounts payable.
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This might be the most obvious reason. Automating accounts payable removes manual work such as data entry, matching invoices to purchase orders, and sending documents for approval.
You’ll be able to process more invoices faster and free up your team to focus on more important tasks.
Automation isn’t just about saving time—it’s about saving money too. Think about all the costs of paper-based processes: printing, storage, postage, and the labor involved in handling documents. By automating these tasks, you can significantly reduce operational costs.
Typos and mistakes can lead to payment delays and frustration for suppliers. Automating accounts payable reduces these errors by capturing and processing invoice data accurately. The result? Fewer mistakes, fewer disputes, and a smoother operation overall.
One of the biggest frustrations in AP management is not knowing where an invoice stands in the approval process. With automation, you gain real-time visibility into every stage of the workflow.
In an AP automation system like Rillion, you can get a clear overview of the status, flow, and purchase order for each invoice. So that you can easily take action when needed.