Financial operation guides provide standardized best practices, streamline complex processes and help reduce errors. They serve as valuable resources for improving efficiency, ensuring compliance and navigating challenges like liquidity management and risk mitigation.
Accounts payable (AP) processing is often manual, time-consuming, error-prone and paper-based, but automation offers a solution. AP automation not only reduces processing costs but also helps manage liquidity risk. This guide will explain AP automation, how it works, its benefits including the advanced capabilities offered by AI.