AP Automation in NetSuite - Looking beyond automatic invoice creation
As you probably already know, accounts payable (AP) refers to the process of an organization paying for goods or services which they have received in credit.
Therefore, AP automation refers to the use of software to automate various tasks throughout the AP process with the aim of making it more efficient and cost-effective whilst removing the possibility of human error or fraudulent behaviour.
Typically, AP processes consist of four key stages:
- Receiving vendor bills
- Matching bills to existing POs and receipts
- Bill approvals
- Payments
In this whitepaper, we examine each stage of the processes and discuss the options, and impacts, of introducing automation at each of the critical points of your AP function.
Read the whole series
This whitepaper is the second in a series on the topic of AP Automation. Check out the rest of the series:
eInvoicing - The future of AP Automation for NetSuite
(first in the series)
When Accounts Payable Automation and Artificial Intelligence Meet: How to create world-class AP Automation processes with AI
(third in the series)