Automation Tools for Modern Accounts Payable Teams On-Demand Webinar
Even before the pandemic, finance and accounting teams were moving away from manual processes towards more efficient, automated systems. In a recent survey of 1,110 executives, 41% have implemented new technologies to access real-time data, improve productivity and increase data reliability and security.
AP is one accounting process that has been slow to evolve out of the dark ages. AP teams still rely on error-prone and time consuming tasks such as data entry, check printing, and approval follow-up. This leads to an average cost of $15 to process an invoice manually, and 20+ days to close it off. AP automation tools help bring this cost down to $2.36 and 5 days to process an invoice.
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