Managing Accounts Payable

When thinking about automating the invoice process, most AP pros will immediately think of invoice imaging and electronic invoicing. But before you go those routes, the first step should be to consider ways to eliminate the invoice altogether. There are two main tools you can use to eliminate invoices: 1) corporate purchasing cards (p-cards); and 2) evaluated receipt settlement (ERS). Companies can generally eliminate a quarter of their invoice volume using these two methods.