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Automation replaces the manual accounts payable process with software that can make everyone more efficient and lead to cost savings. Table of Contents FirstHeading What is APautomation? Using APautomation software. Features of APautomation software. The developing future of AP software.
Procure-to-pay provider B2BE and OnPay , which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release. Shadrach added that the company wanted to add to its APAutomation to make sure that both ends of the APprocess are covered.
For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor. As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy.
Money controllers also said AP is plagued with the most paper and described the department as “laborious” — more so than accounts receivable, payroll and other corporate finance functions. According to Esker, that demand comes with an increasing need not only for transparency but for faster insight into the data AP professionals seek.
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