This guide covers:
What is Invoice automation?
Invoice automation is the streamlining of an organisation’s accounts payable process, covering the review and processing of transactions between that organisation and its suppliers. This automation typically involves an application of specialised software.
Why would you want to automate your invoices?
Shifting your invoices 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 invoices is a smart move. It also helps to future proof your business.
Why is it a good time to implement Invoice automation?
Until recently it was only the giant corporations that had the resources to implement invoice automation processes in New Zealand.
However, because of the increasingly easier usability of software, and the decreasing associated price, invoice 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 invoice automation for your business.
Is it relevant to the construction sector?
Invoice 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 invoices, but the accuracy of processing will improve.