This guide covers:
Accounts payable (AP) automation is the streamlining of an organisation’s AP process, covering the review and processing of transactions between that organisation and its suppliers. This automation typically involves an application of specialised software.
Shifting your Accounts Payable (AP) system from paper-based, or manual computerised processes (e.g. Excel spreadsheets), to an automated online system, saves you time and reduces costs for your business. Automated systems enable a paperless work environment with shorter invoice processing times and greater visibility and control of your business.
If you would like to reduce costs, create time and streamline your whole process into one platform, automating your AP is a smart move. It also helps to future proof your business.
Until recently it was only the giant corporations that had the resources to implement automated Accounts Payable (AP) processes in New Zealand.
However, because of the increasingly easier usability of software, and the decreasing associated price, AP automation is now accessible to a much broader range of businesses. You no longer need a bottomless IT budget and an army of technical experts to utilise AP automation for your business.
AP automation is made for construction and allied contracting companies who have to process high volumes of invoices on a monthly basis. You can not only reduce the cost of administrating your AP function, but the accuracy of processing will improve.
