The issue of whether you should automate accounts payable really isn’t up for debate anymore. The question then becomes how — in other words, finding the right solution for your organization. You can’t afford to make the wrong decision, and for that reason, many companies defer making a change at all, continuing to rely on existing manual methods, or on partly computerized ones. However, computerizing AP isn’t the same thing as truly automating it.
IOFM partnered with DataServ to explore how to select a true accounts payable invoice automation solution that’s right for your organization. There are lots of options out there, including ERP-based ones, P2P solutions, piecemeal OCR data capture, or even outsourcing. But what those things don’t do is focus on AP in a holistic, dedicated manner. Their main focus may be on other functions like purchasing, can still require you do a lot of manual work, or are not easily scalable as your organization grows.