In part 1 of this blog post we discussed numerous ways that Accounts Payable Departments can benefit from high quality document management solutions. In this blog post we will continue to discuss how document management solutions automate the accounts payable process, which increases your business’ efficiency and saves money.
Quality document management solutions also allow your accounts payable department to eliminate stalled invoices and automate document routing, seize all vendor discounts, improve vendor relationships and increase favorable terms. Additionally, these document management solutions also allow your accounts payable department to easily perform and augment three-way matching, including exceptions resolution.