What is an AP Automation?
AP Automation Definition
AP Automation refers to innovation that is utilized to smooth out and mechanize accounts payable (AP) measures, eliminating manual errands and giving better perceivability and command over significant financial information. “AP” stands for Account Payable; The AP Automation concept refers to the technical innovation that is utilized to smooth out and mechanize the accounts payable (AP) measures. This process is used to eliminate manual errands and give better perceivability and command over significant financial information.
Frequently Asked Questions
What is AP and AR automation?
AP and AR automation refers to the optimization of your Accounts Payable and Accounts Receivable processes through the usage of a software that will automate your manual processes that are time consuming.
Why is AP automation important?
AP Automation is important for finance department who are looking to save time and gain control over there accounts payable process. Reduce cost, create more cashflow opportunities and streamline efficiently you accounts payable.
What is AP workflow?
An AP Workflow is the step-by-step description of the AP process in order to automate it. Your AP workflow is a roadmap that the software will follow to automate the procurement and payment of transactions.
Ready to approach technology differently and start your Digital Transformation journey?
Since 1987, thousands of organizations have partnered with TMC to rethink their business processes and technology to empower their employees to achieve more, improve customer experience & adapt to the ever-changing global economy.