It is perceived as a total solution for Payable management, Receivable management, Payroll Management and Regulatory Compliance management.

It helps greatly in reconciliation and balancing tasks.

Automation can be achieved through;

Certifying and matching business processes based on pre-defined rules

Role based controlled access and permission matrix

Automated validation of vouchers based on pre-defined validation points,

The text above is a summary, you can read full article here.