What are accounts payable?
Accounts payable record the money that a business owes its suppliers, produced from a record of all incoming invoices. Accounts payable help businesses organize their payments and operate more efficiently. In recent years, records of accounts payable have been kept in electronic form, as this is easier to access, manage, and edit.
Benefits of automating accounts payable
The convenience of recording accounts payable using spreadsheets or electronic databases cannot be matched by paper. This is made even easier with the help of document management software that is designed to automate the entire process, from handling incoming invoices to ensuring that all information is fully accurate. Automating accounts payable allows businesses to save time and money by enabling employees to work on other tasks.
Document management software for accounts payable
Document management software can extract information from invoices based on standard data fields, creating an organized accounts payable system. CVISION offers an advanced document management solution called Trapeze, which is ideal for automating all steps of processing accounts payable. To decide if Trapeze is right for your business, contact CVISION and learn more about the software.