Itโs no secret that Accounts Payable is one of the main areas of opportunity for automation and optimization within a finance department. Technologies like Robotics Process Automation (RPA) and Intelligent Data Capturing tools to extract unstructured data are allowing organizations to significantly simplify and streamline the invoice processing function.
Though the concept of โtouchless automationโ is definitely achievable, CFOs and finance executives should have realistic expectations as to what percentage of their invoice processing can truly be automated, and this expectation should certainly not be 100% of the invoices.