Accounts Payable Process
In every business there is an accounts payable department that oversees and manages company expenses. Specifically, they usually have to deal with invoices, which are purchase bills that the company incurs from various sellers. Invoices have to be properly processed and paid to keep the business running. The accounts payable process has long been undergone via manual methods, but nowadays you have the option of automating the entire process so that it is quicker and more accurate.
Automated Invoice Extraction
Processing invoices is a lengthy and tiring process. It forces employees to spend time extracting and entering data from invoices into the proper forms. At the business level this may mean going through hundreds or thousands of invoices. The sheer repetition of the task can easily lead to errors and omissions. With the availability of automation software you can automate the entire accounts payable process to increase efficiency. The automation software can accurately extract all the required fields and figures from the invoices and enter them into an electronic format for easy viewing and storage. The accounts payable department is now free to focus on other, more critical tasks instead of data entry. With more employees available for work, productivity is increased.
Accounts Payable Automation Software
The accounts payable process no longer has to be rigorous or time consuming. The advent of automation software is yet another step in transferring entire processes from manual methods to electronic means, promoting greater simplicity and effectiveness. As all the files are now stored electronically it can be easily accessed and shared, and there is no need to waste paper. To see if automation software can enhance your workflow, try out software from CVISION Technologies for free during a 30 day trial period.