Benefits of automating the procure to pay process include increasing efficiency by reducing the number of manual errors made and speeding up the invoicing processing time. Companies that do not automate the procure to pay process are more likely to experience:
Susceptibility to Errors. A manual and paper-based P2P cycle is prone to human error and mistakes are more likely to happen. Slow Invoice Processing Time. Manual processing and routing slow down the P2P cycle, making it challenging to pay vendors on time, which may affect your relationship with suppliers. Lack of Spend Visibility. Manual systems cannot provide a quick update on the status of an invoice.
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