Manual invoice processing is extremely time-consuming and error-prone. Sudden increases in volume often result in inaccurate input of data, expensive invoice matching errors, and compliance issues. Many companies process around 1000 or more invoices per day, taking up to at least 15 minutes of manual processing time per invoice. AP automation can save companies valuable time otherwise lost on repetitive and redundant invoicing processes.
If you're still processing invoices manually, you may be wasting money on unnecessary costs. Processing invoices by hand means:
An automated invoice payment processing system can make you the hero of AP. Speed up your invoice processing time, reduce the risks of manual processes like fraud and errors, and improve your view of cash flow.
Below are some reasons why should you consider invoice automation:
Automatic invoice processing eliminates or significantly mitigates these costs. Interested in learning how? Then watch our on-demand webinar and learn more about the advantages of automated processing of incoming invoices and how you can save time, money, and stress!