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Invoice processing is critical to the successful management of a company’s operations but is also very time sensitive and labor intensive. Best-in-class companies realize 91% lower invoice processing costs while using accounts payable automation solutions. This white paper exposes how streamlining payables through document process automation yields positive efficiency gains, increased visibility of processes and liabilities, tighter controls and faster cycle time. It examines how these objectives are achieved through invoice imaging, capturing data from those images and routing invoices (via workflow) throughout the organization for exception handling, coding and approvals.
Learning points:
- Understand the effects accounts payable automation has on various departments in an organization, such as corporate management, IT and accounts payable.
- Learn how you can process invoices more efficiently through document process automation technology and how it works from a technical perspective.
- Review the benefits, such as lowered costs, decreases in processing time and better control of invoices.
- Understand why utilizing such technology must resonate with your corporate SAP® investment through certifications and experience.
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