Many organisations are operating with labour intensive, error-prone accounts payable processes that lead to non-conforming invoices, excess costs, inaccurate payments, and the risk of fraud. 

The recent Covid-19 pandemic has also highlighted the limitations of these systems when trying to adapt to the new remote working norm. Spend Tech’s AP Automation toolset provides a cloud-based solution to automate the document processing cycle eliminating the need for manual data entry. 

Incoming documents are received by email and converted into an electronic format, extracted data is validated for accuracy by checking for a PO, duplicates and a valid supplier, and then transfer them into your finance system for matching and payment approval. The opportunity for broader finance transformation is difficult until accounts payable processes are improved. 

A fully automated AP solution offers efficient invoice management which enables complete audit visibility, stronger compliance, fast query resolution as well as providing the organisation with a solid foundation for improvement of other purchasing and finance processes.