Reading time minutes

What is accounts payable (AP) document management?

AP document management lays the groundwork for accurate financial auditing and reporting. Here's what a paperless, compliance-focused AP process looks like.

Office team watching a presentation by a colleague

Accounts payable (AP) departments face a weekly, if not daily, onslaught of invoices and other documents pouring in from various locations and in various formats. Capturing and organizing this mountain of data is a constant challenge, but many of the current processes are inefficient and error-prone.

How accounts payable automation software can help your business

Workflow automation software provides a quick and easy way to organize your files and file-related processes. When applied to AP departments, this software is a key component of keeping your AP documents visible, organized, and easily accessible.

AP document management software can help you:

  • Streamline supplier payment processes
  • Provide an end-to-end system for payee on-boarding, tax form collection, invoice collection and approvals, payment method and currency selection, and more
  • Streamline communication and coordination between all relevant employees and vendors

IDC MarketScape for Worldwide Intelligent Document Processing (IDP) Software 2023-2024 Vendor Assessment

IDC MarketScape named Hyland a Leader in intelligent document processing for its IDP capabilities and strategies.

Related articles

How Hyland can help you with your accounts payable document management

No matter how you receive invoices — fax, mail, email, EDI, etc. — the OnBase accounts payable automation solution captures, organizes and delivers those documents, along with supporting content, to the appropriate individuals for review, coding and approval.

OnBase accounts payable document management software allows you to:

  • Retrieve invoices, goods receipts, vendor contracts and more directly from familiar ERP applications 
  • Review and approve invoices directly from Microsoft Outlook or mobile devices (such as iPad, iPhone, Windows or Android devices)
  • Balance workload distribution with visibility into the real-time status of invoice processing

Explore Hyland for AP automation