AP automation streamlines supplier invoice processing, enhancing visibility and control over invoice approval processes. It automates and digitizes invoice data, reducing manual work and improving efficiency. Common functionalities include data importing, processing, approval workflows, PO matching, auditing, reporting, and cost analysis. E-invoices, being digital from the outset, are the most efficient for automation. For paper and PDF invoices, OCR technology is used to digitize the data. Automated processing involves matching invoices with corresponding documents (e.g., POs, contracts) and routing them through predefined workflows for approval and payment.

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