Raptech - Aug 16, 2024 - 8 min read time
In the dynamic landscape of modern business, managing accounts payable efficiently is more critical than ever, particularly for small and medium sized businesses. Traditional paper based invoicing processes can be cumbersome, prone to errors, and expensive. However, by transitioning to automated invoice processing, small and medium sized businesses can achieve significant improvements in accuracy, speed, and cost effectiveness.
Automated Invoice Processing involves the entire lifecycle of managing invoices, from receipt and validation to approval and payment. It includes several steps, each of which can be significantly enhanced through automation: