The AP workflow balances out your cash flow and ensures you’ve got enough in the budget to pay debts and keep operating.
A paperless AP workflow starts with a purchase order (which the finance team must approve), and then you get the goods.
It’s then time to match the shipping documents with the purchase order and process electronic invoicing, or payroll for your regular employees. Finally, expense reports will help the company see where the money has been going, and make changes to future budget requirements.