In our era of labor shortages and rising inflation, business leaders need to focus on doing everything they can to operate more efficiently and maintain margins and profitability. A key way to do this is by deploying automation that enables organizations to become less reliant on labor.
A wise person once said, “If you do as you’ve always done, you’ll get what you’ve always gotten.” That statement applies to many things in life, including accounts payable (AP) invoice processing.
For decades, AP was a manual process. Vendors mailed paper invoices to customers and accounting teams would perform their two- or three-way match, comparing an invoice to a receiving document and the purchase order (PO) or other purchase authorization documentation.