Digitizing AP eliminates manual intervention
The answer to AP woes is digitization. Straight-through processing enables invoices to be received, processed and paid without manual intervention.
Digitized AP processes do not refer to optical character recognition (OCR). Although OCR is a step up from manual keying, it isn’t ideal because it still requires humans and it doesn’t “learn.” Smart systems can update addresses, assign purchase order numbers, and more, greatly reducing exceptions.
Even if many of the invoices you receive are simple and repetitive enough to achieve 98% accuracy with OCR, the end result can still translate into thousands of exceptions per month.
Read more on from SDC here (warning external link)