AP Automation is changing the business landscape
Many companies today still wonder about automating their invoices processes. Everything in their environment seems to be pushing them in that direction, starting with legal obligations.
UK-based regulations continue to push finance teams to embrace digital processes, including EU Directive 2014/55/EC, Making Tax Digital (MTD), and Duty to Report, particularly as HMRC’s ambition is to become the most digitally advanced tax administration.
AP Automation definition consists of
AP Automation enables a very pragmatic approach to accounts payable digital transformation. It is a way for most finance departments to get started. Together they save time and lead to lower costs while employees are enriched by being able to perform tasks with higher added value. Combining these tools for your payables system lead to greater security for all processes, data, and compliance.
François Lacas, COO, Yooz.
Did you know?
To maximise the benefits of AP Automation, the next question is that of choosing which ap automation software to use. Four main criteria must be considered for an accounts payable software comparison.