WHAT DOES AP AUTOMATION MEAN?
AP automation, or accounts payable automation, is the process whereby accounts payable processes are handled digitally using technology, rather than manually. This can create faster, leaner, more cost-effective AP workflows.
AP automation solutions can intelligently capture and analyse the information that’s on your invoices, speeding up the process and helping reduce errors.
HOW DOES AP AUTOMATION WORK?
AP automation uses optical character recognition (OCR) to extract any relevant information from invoices and purchase orders (POs). OCR then translates text from the document into a code that is then used for data processing. The data is then placed into a digital workflow which will then automatically pay suppliers as long as everything is correct.
What are The key Features to Look for in AP Automation Software
- Automated invoice separation
- Approval processes
- Document imaging, data capture, and extraction
- Optical character recognition (OCR)
- PO invoice matching
- ERP integrations
WHY CHOOSE STRATAS FOR YOUR ACCOUNTS PAYABLE AUTOMATION?
Since 2010, the Stratas team have been helping create digital enterprises through innovative solutions which focus on information, not documents.
We believe that by working together we can do things better. So, we take the time to understand your business culture and goals. This enables us to design unique solutions that deliver tangible results.