Cosmo Yields 100% Accuracy with Accounts Payable (AP) Automation
Industry: MANUFACTURING Department: FINANCE Process: ACCOUNTS PAYABLE 95% faster turnaround time 100% accuracy Satisfied suppliers Client Overview Cosmo is a leading manufacturer of sterilizable flexible packaging materials. While the company operates on a robust Oracle ERP system, its Accounts Payable process remained heavily manual—making it time-consuming and error-prone for the finance team. The Challenge When […]
Accounts Payable Automation – Overview, challenges, benefits, use cases
Industries across the spectrum spend significant amounts of time on manual, labor-intensive accounts payable processes. According to a research report, it takes anywhere between 4 and 16 days to process an invoice from receipt to payment. Incidentally, up to 76% of this process requires manual effort from the Accounts Payable Team. In spite of organizations investing significant […]