The accounts payable department is often one of the most ‘paper rich’ in any organisation. The accounts payable process can be time consuming, susceptible to errors and may contribute to costly commercial delays.
One of the main issues is that a typical purchase to pay process involves a host of key documents, including: purchase orders, invoices, goods received notes, receipts, etc. These documents often need to be authorised or approved by individuals across an organisation. In a manual process, this is very time consuming for the accounts payable department; delays are inevitable and the process is expensive to operate and prone to error.
Invoice Processing Solution from Documation
Invoice management and invoice processing solutions can be used to automate and streamline the accounts payable department. Removing many manual tasks for the accounts payable staff and streamlining others; thereby allowing the team to concentrate on more value added work, such as negotiating discounts with suppliers.