Why Implement Imaging & Workflow Solutions In AP?
Cutting costs and increasing efficiencies in Accounts Payable (AP) can be difficult to accomplish when considering the distributed nature of AP processes. For example, the approval of an invoice usually involves several steps and creates large amounts of documentation that are hard to manage. Then throw in the increased pressure companies have to deal with to adhere to compliance regulation such as the Sarbanes-Oxley Act. More companies are turning to the automation of accounts payable processes as a viable solution. Invoice automation enables AP departments to optimize the procure-to-pay process. These organizations are able to achieve this automation by implementing Imaging and Workflow Automation (IWA) solutions.