Here’s a tip to help you increase efficiencies, save money and gain control over your liabilities and payments in the new year: automate. And if you’ve already automated some of your invoicing processes, then automate some more.
Former controller now developing software “from an AP professional to an AP professional”. She is also a member of the US e-invoicing Sub-group. This well-versed AP guru loves traveling and music quizzes.
Streamlining your invoicing process begins with having good data. But what makes data “good"? When it comes to invoicing, it’s the type of data, as well as the format, that counts. And to be able to truly get the value from your data, you need to have structured data.
Manual invoice processing is no doubt one of the leading pain points in accounts payable. AP professionals are eager to implement automation solutions that can cut down on tedious data entry and time spent on menial invoicing tasks.
The makeup of the workforce is changing. Software advances, developments in robotics, AI and machine learning are bringing a new age of automation, one in which machines will be able to outperform humans in various work tasks.