Get off paper with full Accounts Payable automation

While streamlining your Accounts Payable process, Invoice Automation offers even greater rewards in forecasting cash outflows with full spend visibility. When you know your future spend obligations, you have the freedom to open up working capital for more beneficial uses and plan your spend in more strategic ways. These effects are compounded by the substantial cost savings extracted by:

• eliminating paper, printing and postage
• foregoing time-consuming, error-prone manual data entry
• automating matching to POs and contracts
• adopting electronic archiving over expensive warehousing facilities
• capturing early pay discounts and avoiding late payments.

More importantly, Invoice Automation is the critical gateway step to achieving even greater agility, cost savings, and spend control by enabling full Purchase-to-Pay success. With Invoice Automation in place, you open your enterprise up to a whole host of Purchase-to-Pay possibilities such as generating real synergy in your buyer-supplier collaboration, achieving full control over spend with enhanced compliance, channeling spend toward preferred suppliers for more competitive terms, managing your contracts automatically, integrating and streamline travel and expense costs, identifying and managing risk within the supply chain, and much more.

Pether Jonsson,
Group Vice President,
ABB Headquarters, Switzerland

Discover how ABB was able to gain full spend visibility, save costs, and speed up their Accounts Payable process by switching from error-prone, manually intensive paper invoice processing to automated e-invoice processing.