WHY ACCOUNTS PAYABLE AUTOMATION ? 200%ROI @ Ops Costs.

WHY ACCOUNTS PAYABLE AUTOMATION ? 200%ROI @ Ops Costs. How intelligent is your process to understand the payment invoices and various receipts? One of the biggest challenge for the accounts payable section of any organization is the tracking and maintenance of numerous bills. Enterprises receive invoices/bills in both paper and electronic format. Managing the invoices manually is time-consuming, prone to errors, and costly. The finance department could not tap the invoices until they are registered in the ERP system. hashtag#increased returns on available cash hashtag#Reduced payable processing cost hashtag#Compliance hashtag#Improved visibility hashtag#Supplier satisfaction hashtag#Operational process efficiency IPA automation reads the invoices in various formats and source (paper, email, PDF, XML, EDI, etc). OCR scans the invoice headers and line item data and converts it into a readable data. From OCR, the data is then uploaded in the SAP landscape. Hence reducing the time-limit invested on reading the invoice by almost 200 percent.