Why are we lacking invoice automation and how to fix it?

Purchase invoice automation has been a topic for many years already. It is becoming a hot topic again because of the changes in the market. Most of the organizations are struggling with the lack of automation and are forced to do lots of manual work regarding purchase invoice handling.

Handling one purchase invoice takes around 10 - 15 minutes depending on its complexity. This is a big cost that many companies don't even recognize. The situation can be significantly improved by introducing a modern AP automation solution coupled with artificial intelligence.

The world is changing in many aspects, affecting also the invoice automation landscape. Organizations are changing, the laws and regulation are changing, the way we’re able to handle and match data is changing. Automating the full purchase-to-pay process, including the digitalization of order, order confirmation, despatch advice, receipt, etc. supply chain document types, will help you reach a high level of invoice automation especially for the invoices that repeat regularly.

For the invoices that do not repeat often, adding artificial intelligence will help you further. Together, these solutions will eliminate the need of manual work almost entirely. 

In this webinar we’ll tell you in a concrete way, why we are still lacking invoice automation and how you can get rid of the manual work in the future. We have lots of experience working with a mid-size and large corporations and have faced most probably all the problems they are facing. We are also explaining the bigger picture of the changing field of invoice automation. 

Lenght: 45 minutes

This webinar will cover at least the following topics:

• Why are companies still lacking invoice automation?
• How does rule-based automation help you raise your level of invoice automation?
• What is the role of an artificial intelligence as a part of invoice automation?
• How the increased automation is changing the role of financial administration?

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