Rillion Debunks Common Myths About AP Automation

Technology firm Rillion has published a guide that addresses eight prevalent myths surrounding accounts payable (AP) automation. The publication aims to clarify how modern automation solutions can improve the efficiency of finance departments and minimize manual labor.

The company notes that many organizations still rely on manual methods such as Excel spreadsheets, shared folders, or their existing ERP systems for AP processes, which can lead to inefficient workflows. Industries like manufacturing, hospitality, and healthcare, where efficiency, compliance, and control are paramount, often face challenges with manual or semi-automated processes.

Rillion highlights that a common misconception is that Excel itself constitutes AP automation. While superior to paper, Excel still requires significant manual data entry, version control, and follow-up communication for approvals. Similarly, ERP systems, while valuable for overall financial management, are often not purpose-built to streamline every step of the AP cycle.

Other myths debunked include the idea that invoice capture alone is sufficient or that shared folders can automate workflows. Rillion emphasizes that true automation encompasses the entire invoice lifecycle, from receipt to payment tracking. The company also addresses the fear of losing control, asserting that automation actually strengthens control by enforcing defined rules. Furthermore, Rillion clarifies that AP automation is not exclusively for large corporations, with mid-sized companies often realizing substantial benefits.

Rillion offers solutions that integrate seamlessly with ERP systems, utilize AI for invoice coding and workflow suggestions, provide comprehensive audit trails, and support multi-entity management. According to the company, its solutions are trusted by over 30,000 organizations in more than 35 countries.