What is AP Automation Software?
AP Automation software enables organizations to process large volumes of invoices and transactions by automating typical process workflows such as data entry, document capture, and digitizing paper invoices thus reducing manual labor and human error. The software tracks amounts owed and provide a repository for users to store, search, and find AP documents. Some functionalities common to AP automation software can be found in larger accounting platforms; however, these functionalities are often limited, and do not extend to what specialized AP automation software can offer. It is expected that AP automation software can straightforwardly integrate with a wide range of accounting software, ERP platforms, or corporate performance management systems.
Common Features
Optical Character Recognition | Automated Workflow | Reconciliation | Payments Scheduling | Batch Processing | Payment Tracking | Fraud Management | Compliance Management | Content Repository | Self Service Portal
Date compared on April 28, 2024