Why automate accounts payable?

Businesses are increasingly recognizing the need to automate their accounts payable departments; 74% of companies that haven't automated their accounts payable processes yet plan to do so within 3 years. Organizations want to create a future where accounts payable is no longer just a tactical, back-office function. Positive business outcomes of AP Automation include reduced effort & expense per invoice by up to 50%, reallocation of time previously spent on manual processing, identification of errors on invoices & spikes in consumption, assurance of on-time payments with more efficient workflows, easy capture of early payment discounts on invoices, improved vendor relationships, and elimination of late payments and increased more transparency for suppliers.