AP Automation is a complete, end-to-end automated invoicing software solution that incorporates optical character recognition (OCR) technology and artificial intelligence (AI) to process invoices and make payments.

The accounts department manages the credit due to an organization when it procures goods or services from various suppliers. This liability due to an organization is known as accounts payable. Accounts payable creates an obligation on the part of an organization that hampers its credibility in an industry.

The accounts payable process involves invoice data capture, coding invoices with the correct account and cost center, approving invoices, matching invoices to purchase orders, and posting for payments. The accounts department in most organizations is responsible for the Accounts payable process.

Businesses need an efficient way to manage their invoices without the risk of human error. With AP automation software, companies can use a robust set of features to capture and code information, route invoices for approval, execute and record payments, and then sync this information back to your ERP system.