Accounts payable automation and Invoice automation are hot issue for many accounting and finance teams. Invoice automation or accounts payable automation projects are usually started to improve accounts payable efficiency, reduce invoice processing errors, streamline the accounts payable and/or invoice handling process and generally make a more effective accounts payable function. To ensure success, there are more than a few issues to consider. We will discuss many of them in this piece. Make sure you stick around until the end when we discuss one critical issue that many ignore and it’s the reason many automation projects fail. #accountspayable #invoice #automation

When looking at invoice automation, the invoicing function is ripe for automation. Accounts payable efficiency, which includes accounts payable time management, Cash flow enhancement, reduction of invoice errors, as well as invoice software streamlining accounts payable processes is the goal. This multi-faceted goal for the simple streamlining invoice processes or invoice management is impressive. Invoice processing, key to any accounts payable function requires an invoice automation solution that addresses all these functions..

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Link to 9 Reasons Why Your Automation Project Fails (supplier-related)https://youtu.be/Z3oITKT0LR0

Link to AP Now’s Invoice Serieshttps://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh

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Host: Mary Schaeffer (www.ap-now.com