How to Save Millions By Automating Accounts Payable

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Accounts payable automation is enabling companies to touchlessly process supplier invoices without any human intervention. It can provide significant savings on both cost and time beyond the expected savings from eliminating manual tasks and reducing the manual workforce. With AP automation companies can optimize the time taken for documentation, vendor portfolio, analysis or verification of data that exists in silos, avoid duplicate or erroneous payments, and take advantage of early payment discounts. Our clients have already started to reap the benefits, not just in reducing operational expenses but in achieving a comprehensive solution to tackle all of their accounts payable challenges and woes!

The case study talks about

  • How RPA along with Machine Learning complements human work
  • Saving up to 70% of operational costs through AP automation
  • Eliminating inconsistent approval process and pay-out delay
  • Efficient tracking of invoices with increased processing time up to 98%
  • Achieving faster payments with reduced errors
  • Future impact on anticipating a substantial increase in ROI with reduced manual workforce