ERP automates accounts payable by making each step of the payment process more efficient. It automatically captures invoice data (often using OCR or e-invoicing), matches invoices with purchase orders and receipts, finds any differences, and sends them for approval based on predefined workflows. Once approved, the ERP system will schedule payments, update the general ledger, and track payment status—all without manual input. This reduces errors, saves time, and improves financial control and visibility.
