AP automation, or accounts payable automation, uses automation technologies and digital processes to streamline the accounts payable process. It improves a finance team's efficiency, making AP faster, more productive, and less costly.
Cloud-based technologies convert the manual processes of entering individual invoices and signing checks into digital systems—turning your AP process into a competitive advantage. They read and store each invoice, manage billing communication, and make payments, all from one accounts payable solution that can be accessed remotely.
That does NOT mean that a computer system is taking over and paying every bill automatically. Far from it.
Any good accounts payable automation solution will use your own approval processes. If a new invoice should require 3 approvals before it gets paid, the platform will automatically route that invoice to the right people for those approvals.
AP automation is designed to improve the efficiencies of your AP department, applying your own trusted workflows in a faster, easier way, with less chance of human error.