In today's global economy, the accounts payable (AP) department faces an array of challenges, from manual processes that consume time to the need for increased cash flow visibility.
IDC's 2023 SaaS Path Survey highlights the top 3 frustrations related to manual processes:
Much of the time spent on accounting duties is low value and data-entry heavy.
Employees work late to catch up on basic accounting.
Basic accounting tasks pull people away from adding value to the business.
For enterprises, managing complex processes becomes even more daunting with challenges like documentation errors, fraud attempts, and slow processing times. The evolution of regulations, such as e-invoicing mandates in Europe, adds complexity, with 61% agreeing on significant impacts on tax management. Ensuring compliance is imperative, as non-compliance can lead to substantial fines and harm your reputation.
Discover the essential IDC Technology Assessment, sponsored by Basware, "Accounts Payable Invoice Automation Technology Assessment Guide”. It unveils a path to AP excellence, covering:
Advanced data extraction from PDFs and scanned invoices
Seamless ERP integration
AI and ML for precise invoice matching and coding
High end-to-end touchless rates
And much more!
Don't miss this opportunity to transform your AP processes and stay ahead in today's competitive landscape. Download the paper now and take the first step towards AP automation success.