Accounts Payable Automation (AP Automation) is a process that streamlines and automates accounts payable processes, removing manual tasks and providing better visibility and control over important financial information.
AP automation is a key facet of an e-invoicing solution that enables all your suppliers (not just the largest ones) to send you electronic invoices. TrueCommerce is a accounts payable automation UK provider that enables invoices to be sent in one of three ways: as a PDF attachment in an email, via EDI or through the TrueCommerce portal. By inputting this data directly into your ERP, you can drastically reduce the manpower required to receive, approve and release supplier invoices and payments.
Large businesses can receive thousands of invoices a day, and this number only increases with the company’s size. While growth is positive, you need the infrastructure in place to accommodate the added strain this can bring.
With AP Automation and e-invoicing, you can:
• Reduce invoicing errors
• Streamline invoice to pay cycles
• Avoid paying fraudulent invoices
• Free up accounts teams’ time previously invested into sifting through an array of invoices
• Remove paper from your business
• Increase productivity by eliminating manual processes.