Invoice Automation
Invoice automation, also known as accounts payable (AP) automation or invoice processing automation, refers to the use of technology to streamline and optimize the process of handling invoices within an organization.
What is Invoice Automation?
Invoice automation, also known as accounts payable (AP) automation or invoice processing automation, refers to the use of technology to streamline and optimize the process of handling invoices within an organization. It involves automating various tasks and workflows associated with invoice processing, such as invoice capture, data extraction, validation, approval, and payment.
In NetSuite, invoice automation can be handled by native SuiteApp like ZoneCapture, an AP automation solution that ingests invoices and then uses Optical Character Recognition (OCR) technology and GenAI to automatically scan and recognize relevant data in the invoice, reducing manual entry by up to 83%.
