Digitalization has fundamentally changed companies. Invoice processing is one area that is particularly affected by this development.The focus here is on AP automation (also called invoice processing or I2P), in which invoices are processed digitally to enable an efficient and automated process.The use of digital tools and systems can save time and resources by reducing the manual workload and minimizing errors.
Spend Analysis is a valuable tool in the procurement process for analyzing and evaluating a company’s expenditures. The focus is on recording cash flow, the amount of expenditure and what this expenditure was spent on. The primary goals are to identify potential savings and uncover possible risks. Read here how Spend Analysis optimizes your purchasing.