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The Institute of Finance & Management recently reported in a member survey that as many as 75% of their member companies are looking at ways to institute better AP process automation.
When you consider the many problems associated with manual AP invoice workflows, it’s no wonder why that number is so high:
- Incomplete or inaccurate data
- Poorly organized information and lost documents
- Difficult to find information
- Missed payment discount deadlines due to inefficient approvals
- Poor integration of systems leads to more manual work and data entry
- Decision makers lack data about each invoice and about the entire AP process



