What is Accounts Payable Automation ?

Accounts Payable Automation is the process of automating the accounts payable department of a business using technology such as software, artificial intelligence, and machine learning. It aims to streamline the accounts payable process by automating tasks such as invoice processing, purchase order matching, approval workflows, and payment processing. The benefits of accounts payable automation include reduced administrative costs, improved accuracy, faster payment processing, and improved cash flow. By implementing accounts payable automation, businesses can improve their efficiency, reduce errors and fraud, and free up time for their staff to focus on more strategic tasks.