AP automation is the use of technology to increase efficiency for accounts payable processes. It involves the use of software that automates manual tasks such as invoice processing, data entry, and approval workflows. With AP automation, businesses can improve their cash flow management, reduce the risk of fraud, and free up time and resources for more strategic activities.
The benefits of AP automation go beyond cost savings and process efficiency. It can also help businesses to comply with regulatory requirements and improve auditability by maintaining a clear and complete record of all transactions. With AP automation, businesses can gain a competitive advantage by streamlining their financial processes, reducing costs, and improving their relationships with vendors and customers.
Extract data from documents in just a few seconds and eliminate manual data entry.
Gain the industry’s best time to value with pre-trained AI-driven OCR that delivers Day 1 Accuracy™.
Veryfi is SOC 2 Type 2 certified, helping you ensure data privacy and regulatory compliance.
Add Veryfi to your AP workflows in days, not months – no templates or initial AI model training required.
OCR APIs with Day 1 Accuracy™ for data extraction of Receipts, Invoices, W-2s, and other financial documents.
Integrate Veryfi to your enterprise apps with just a few lines of code, liberating your team to stay focused on work that truly matters.