Efforts to improve Accounts Payable through invoice processing automation have largely been undermined by the quadruple-whammy of:

1. Tight capital budgets
2. A lack of IT resources to support automation initiatives
3. Concerns about the risks of project failure
4. Challenges integrating invoice processing solutions with downstream systems and processes such as an enterprise resource planning (ERP) platform

As a result, most Accounts Payable departments rely on sub-optimal manual processes that frequently have a negative impact on the core functions of a business.