Efficient and cost-effective procurement of goods and services is of crucial importance to companies. Purchasing organizations face the challenging task of optimizing their procurement processes strategically, tactically and operationally and to achieve their set procurement targets. To meet these challenges, the concept of source-to-pay was developed.
Digitalization in companies is becoming increasingly important and is being driven significantly by digital invoice processing and the use of e-invoices. But what are the concrete advantages of invoice processing and why should companies join this movement?
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.
