Accounts Payable Automation
Rather than relying on manual methods such as paper-based systems or manual data entry, automation software automates the capture, processing, approval, and payment of invoices.
What are the components of AP Automation?
This can be summarised as follows:
- Invoice Capture: Automation software uses optical character recognition (OCR) technology to extract relevant data from invoices, such as vendor information, invoice number, and amounts, eliminating the need for manual data entry.
- Workflow Automation: The software routes invoices through predefined approval workflows based on customisable rules, ensuring efficient processing and minimizing delays.
- Integration: Accounts Payable Automation integrates seamlessly with existing accounting systems, such as Business Central, SAP Business One and MYOB Advanced software ensuring data accuracy and consistency across the organisation.
- Electronic Payments: Automation enables electronic payments, such as bank transfers or virtual credit card payments, reducing the reliance on paper checks and simplifying reconciliation.
Continia for Business Central
Continia Document Capture is a comprehensive AP automation solution designed to streamline every step of your manual invoice processing journey. With Document Capture implemented invoice processing tasks are taken care of efficiently, allowing you to focus on your core work responsibilities.
Traild for MYOB Advanced
TRAILD is an MYOB Advanced integrated solution for Accounts Payable focused on AP efficiency and Financial Control.
Concur Invoice for SAP Business One
SAP Concur Invoice automates, digitises and speeds up your entire invoice management process. By using the SAP Business One Integration framwork our Team can deliver the integration specific to meet your configuration requirements.
ProSpend - AP Automation
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