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Smart, Connected Invoice Automation: Why Now?

These days, business moves at one speed – fast. Businesses are keeping up and preparing for future growth in changing market conditions by modernizing, finding more efficient ways to work, and automating wherever they can. Every small step is an opportunity to identify moments where savings and reduced business risk can be achieved. Financial processes like expense management and payroll are common areas where businesses can simplify and optimize. Yet invoice management tends to be overlooked – even though the potential for payoff can be significant.

Automating vendor invoice management supports business growth and allows the flexibility to handle whatever comes your way. For example, broken supply chains and hybrid work introduced an influx of new vendors and payment types. Managing increased transaction volumes without hiring more staff would be easier if software could take care of the manual work. Automated invoice management processes can reduce the risk of errors, duplicates, and lost documentation, improving business efficiency.

Beyond the performance advantages for day-today invoice management, integrating vendor and payment data with your ERP or financial system allows invoice matching from POs to goods or services received. You’ll get a better view of your overall financial position so you can forecast, budget, and plan with confidence. It’s possible with a connected, integrated invoice management solution.

Download our Accounts Payable Automation Buyer’s Guide to help you choose the right solution for your business.