So how do you go about getting from where you are today to effective invoice processing automation? Fortunately, this is one important initiative that can be undertaken as a series of small steps, and can generally be done without making any significant changes to your existing systems.
Initial steps don’t require new systems at all in order to deliver incremental benefits. Technology only comes into play once a foundation of policies and procedures are established. Consider the following steps:
1. Analyse current processes
Find out how invoices flow through your company today. Where are they received? How do they get to Accounts Payable (AP)? How are they validated and coded?
Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.