Invoice Workflow Automation (IWA) Report
Within an enterprise, with business functions with shared values, strategically converging, Account Payables holds the key to greater control and monitoring for Finance from the point of view of working capital management, invoice compliance and supplier risk management. This makes the adoption of Invoice Workflow Automation more important than ever.
End-to end IWA (Invoice Workflow Automation) is the emerging modern technology which not only helps Accounts Payables exercise more control over routed invoices, but also speeds up processing times, removes no-value-adding tasks from AP staff’s workload, and helps to make supplier payments seamlessly. This report by PayStream shows the difference between trying to improve processes with old tools as compared to fully automating invoice management with a dynamic invoice approval workflow solution.
- Key highlights in this report include the following:
- Invoice management trends in North America such as – barriers to automation, approval and routing methods used, invoice approval delay rates and much more
- A review of the features and benefits of leading IWA technologies in the market today, like - efficient validation, matching, and routing, configurable workflow, reporting and analytics
- Top invoice workflow automation goals