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How AP Automation Benefits Your Business
1reports1reporting sources2023-07-26Update
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AP automation can significantly improve financial operations efficiency, reduce risk, and enhance cash flow, offering important reference for companies pursuing digital transformation.
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7月26日
- SAP Concur BlogHow AP Automation Benefits Your Business
SAP Concur published an article discussing the benefits of accounts payable (AP) automation. It notes that 70% of organizations are not automated across financial processes, and manual invoice processing can take up to 9.5 hours per invoice. AP automation uses technologies like e-invoicing and OCR to improve spend visibility, optimize supplier contracts, reduce risk, and improve cash flow forecasting. The article also discusses where to start and the importance of change management.