Digital invoice processing and automation is leaving OCR behind
Manual invoice processing is no doubt one of the leading pain points in accounts payable. AP professionals are eager to implement automation solutions that can cut down on tedious data entry and time spent on menial invoicing tasks.
According to a study from iPayables, long approval and payment processes and paper invoicing accounted for 40 percent of the leading frustrations faced by AP professionals today. Nearly 100 percent of study respondents expressed that the solution is AP automation technology.
Paper-based, manual processing is a huge issue and providers have been trying to find alternative solutions for years.