Invoicing and payments
6 processes, average 71% automatableInvoicing and payments covers creating and sending invoices, chasing overdue ones, recovering failed card payments, matching payments to invoices and preparing payroll and expenses. It is rules-based and well served by accounting software APIs, so a high share is automatable. The exceptions, disputes and approvals still need a person who owns the money.
| Process | Automatable today | Hours back / week |
|---|---|---|
| Invoice creation and sending | 5 | |
| Expense receipt capture | 6.5 | |
| Payment reconciliation | 4 | |
| Payroll preparation | 3.5 | |
| Failed payment recovery | 3.5 | |
| Overdue payment reminders | 3 |