What are some steps that are a part of accounts automation?

1
STEPS FOR
ACCOUNTS PAYABLE AUTOMATION
Automating accounts payable transactions means
implementing solutions that convert both paper
and electronic invoices into digital images. This
conversion makes it easier to maintain invoice
records and makes it possible for business to
integrate transaction information directly into
their enterprise resource planning (ERP) system.
Mentioned below are the basic steps that
companies need to follow to automate AP
transaction.
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2
INVOICE SCANNING
Invoice scanning solutions generally makes use of
Optimal Character Recognition (OCR) technology to
capture and digitize data mentioned in supplier
invoices.
3
MATCHING
Once an invoice is received, it needs to be
matched with the corresponding purchase order and
the delivery slip before payments can be made.
4
ALLOCATION
Once invoices are scanned and matched, an
effective AP automation solution should allocate
the documents to the appropriate person for
approval.
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