A lot of data is collected during the automatic processing of purchase invoices. The AP Automation invoice processing solution can thus serve as the gateway to intelligent purchasing since all that data provides deep insights into spending, which can be used to optimise contracts and processes.
The growth path toward Business Spend Management is open to any organisation.
Read the entire interview below:
Technology that digitises the supplier billing process provides the foundation for the growth model toward Business Spend Management (BSM). AP Automation software recognises purchase invoices from all suppliers and stores important data such as invoice number, amount, supplier, nature of order, and so on. A workflow starts for approval of the invoice. It then enters the ERP system and is made payable. Just one application ensures an efficient process, control, timely payments and fewer administrative actions.