Benchmark Report: Digital Accounts Payable Invoice Processing

Digitization and automation are well-established standards for invoice processing. There are only very few companies that still rely on fully manual, paperbased processes. Instead, many have upgraded their level of digitization and automation in accounts payable invoice processing in recent years.

In place of entering data manually, OCR-based capture solutions are used to automatically read invoice information and transfer it to the ERP system.
Invoices are no longer carried from desk to desk in binders; today, they are automatically distributed and forwarded in a digital workflow. And the invoice archive no longer comprises rows of filing cabinets stored in the basement; instead, the archive is stored on a server as a collection of digital files that can also be made available via a cloud service.