What is Automated Document Processing?
Document processing automation is the process of streamlining and automating the document processing workflow. Document automation streamlines the accounts payable processes by automatically paying supplier invoices.Â
Document processing workflow includes steps like extraction of document data, entering the data into the ERP/CRM system, and reviewing and approving invoices automatically based on preset rules.
Automated document processing software allows companies to take a more hands-off approach to document management. Accounting teams are also freed up from tedious manual tasks so that they can focus on strategic tasks.Â
Most invoicing platforms can directly integrate with ERP platforms, which helps increase the timeliness and accuracy of payments.Â