Accounting departments have struggled with age-old invoice problems of too much paper, too many errors and high touch manual processes, which all can be costly. You also want to learn about vendor liabilities and start client billing processes as early as possible, while following vendor terms and paying your vendors on time to avoid penalties.
With processing costs reaching $14 and higher per invoice, the manual sorting, routing and management of these invoices can lead to inefficiency and many key challenges for accounts payable teams.
But where do you start? How can you tackle these challenges? The good news is that organizations that leverage best in class Intelligent Capture, AP Automation and Machine Learning systems can drastically reduce their overall processing cost per invoice.
During this webinar you’ll learn:
- The 5 top challenges faced in AP invoice processing
- How Ephesoft Smart Capture can eliminate these challenges in a short demo
- The process of importing invoices and related documents to ERP, ECM or other destination
- How emerging RPA and AI technology are elevating invoice processing to the next level giving companies a big competitive advantage
With the challenges removed, the result is a lower cost per invoice, on-time and accurate payments and happier, more productive employees who can spend their time on higher value work.