Discover how AP automation saves time and money allowing your finance team to focus on strategic tasks that add value to your business.
Benefits of AP Automation
- Streamline reconciliation and management of payments to suppliers, employees, subsidiaries, and other beneficiaries effortlessly in a centralized platform.
- Enhance operational efficiency with touchless invoicing and automated digital payments utilizing any payment method.
- Improve financial health by optimizing cash returns, extending days payable outstanding, and cutting borrowing costs.
- Gain enhanced control over payments and cash flows, leading to error reduction, fraud prevention, and mitigation of regulatory compliance risks.
Features of AP Automation
- Quickly review invoices or expense reports marked as ready for payment in a single batch
- Streamline your invoicing with efficient, accurate, and compliant e-invoicing and payment processes
- Increase control and reduce risk with AI-driven fraud detection
- Track, manage, and improve how your organization plans and pays for employee travel
- Simplify payment for one-time suppliers using virtual cards, eliminating the need for time-consuming onboarding processes
- Utilize built-in processes to facilitate flexible, automated early pay discount programs for all suppliers