Understanding AP automation?

AP automation (Accounts Payable automation) is the process of using software to automatically capture, extract, and process supplier invoices without manual...

🤖AP Automation
InvoiceParse Team
1 min read
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# What is AP automation? AP automation (Accounts Payable automation) is the process of using software to automatically capture, extract, and process supplier invoices without manual data entry. Instead of manually typing invoice data, AP automation uses AI and OCR (Optical Character Recognition) technology to read invoices in any format, extract key information including supplier name, invoice number, dates, amounts, VAT, line items, and payment terms, then export directly to your accounting system. Modern AP automation solutions like Elektroluma are specifically designed for UK small businesses, with built-in VAT compliance, CIS deduction support, and integration with popular UK accounting software including Xero, QuickBooks, and Sage. AP automation reduces processing time from 5-10 minutes per invoice to just 30 seconds, eliminates data entry errors, and provides complete audit trails for HMRC compliance. ## Key Takeaways - AP automation (Accounts Payable automation) is the process of using software to automatically capture, extract, and process supplier invoices without manual data entry. - Instead of manually typing invoice data, AP automation uses AI and OCR (Optical Character Recognition) technology to read invoices in any format, extract key information including supplier name, invoice number, dates, amounts, VAT, line items, and payment terms, then export directly to your accounting system. - Modern AP automation solutions like Elektroluma are specifically designed for UK small businesses, with built-in VAT compliance, CIS deduction support, and integration with popular UK accounting software including Xero, QuickBooks, and Sage. ## Related Topics - ap automation - accounts payable automation - ap automation uk - what is ap automation

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