Is AP automation worth it?

Yes, AP automation is worth the investment for most businesses. The traditional accounts payable process is often time-consuming and error-prone, involving manual data entry, paper invoices, and a series of approval steps that can create bottlenecks. AP automation streamlines these processes by digitising and automating invoice capture, data entry, and approval workflows. This not only reduces the time and effort required but also minimises errors and the risk of fraud. Additionally, AP automation provides better visibility and control over cash flow, allowing businesses to take advantage of early payment discounts and avoid late payment penalties. The return on investment (ROI) from these efficiencies often justifies the initial costs of implementing AP automation.