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In an increasingly digital world there is no room for lost time as a result of bottlenecks, delays with the circulation of paper, lack of visibility or numerous errors and fraud risks linked to a poorly controlled process. Small or large, all companies are faced with these problems.
The digitisation of supplier invoices, and the digitalisation of financial processes propels organisations and businesses towards greater productivity and operational efficiency with a significantly improved image.
Speed of action, transparency of processes and actionable corporate responsibility can all be assisted with cloud based applications and platforms.
You could have the best workflow, the best analytical tools, even the most up to date supplier portal, but none of this matters if you’re not getting high quality and high volumes of data in to your systems at the beginning of the process. Hence, the importance of capture within Finance & Accounts Payable.
Most of you will have heard the expression; “you only get out what you put in”...
...similarly the expression “you only get out what you put in” applies to far more mundane and day to day areas of business, and very nicely answers the question I have posed in the title of this piece; is capture the key to automation?...