In its current state, invoice processing is an extremely manual, labor-intensive task that requires significant time investment from the Accounts Payable (AP) staff. Studies have shown that it takes anywhere from 4-16 days to process an invoice from receipt to payment, and roughly 76% of this effort requires manual input from staff.
Automation for accounts payable virtually eliminates the risk for errors and drastically decreases processing time due to the speed and accuracy of digital workers. This will free up the organization’s AP team to work on higher-value tasks.
See how JOLT would work first to automate the “happy path” for invoices, where there is no need for human intervention.
Understand how RPA can eliminate the risk for errors and drastically decreases processing time for the AP team.
Automating the AP Invoice Process leads to a massive reduction in the costs associated with processing payments.
Investing in RPA allows organizations to streamline their processes, such as AP Invoice Processing, while offering meaningful cost savings, eliminating human error, and giving employees their time back to focus on more thoughtful tasks.
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