In the book The 8 Pitfalls of Accounts Payable Automation, AP Automation is defined as:
…the independent moving of liabilities through approvals to payment. AP Automation eliminates needless steps and improves needed steps. (p.18)
As time and technology has gone by the defition has not stood the test. A new definition has emerged. A better one that not only explain what AP Automation is, but also can demonstrate the impact of automation.
Accounts Payable Automation is only as good as the time that it frees up.