Help your Accounts Payable department to save any time spent chasing lost documentation, by seeing the light and embracing the cloud!
The Staff who work in your accounts payable department love their job. It gives you peace of mind to think that they get your payable’s paid on time. You also like how they know where in the process, any invoice is at every moment in time right?
Now that we are finished dreaming let’s face the facts. The Accounts Payable process can be challenging, particularly if all you have to work with is a manual, paper-based AP process. That’s where Accounts Payable Automation comes in.
AP people are hard-working (we like them a lot) but they spend wasted time chasing lost documentation and requesting copies of invoices which is impacting on their work flow. You may not be aware of that fact but it’s true, go ahead and ask them.
We have spoken to enough companies before and after they changed over to accounts payable automation to know its true. So below I will outline the facts of how AP automation can make a difference:
The Benefits of Accounts Payable Automation on behalf of your AP staff:)
1.You can reduce your costs by streamlining your accounts payable process and you can deliver an immediate reduction in administrative costs
2.You can have an efficient world class accounts payable department that processes invoices with greater efficiency and accuracy than can be achieved with a manual, costly and error prone approach
3.You can improve profits (hooray!) by reducing accounts payable processing transaction costs, taking advantage of supplier discounts and eliminating late-payment penalties
4.You can clean up your data as only approved invoices are fed into your back office system reducing errors and speeding up the accounts payable process
5.You can eliminate paper and help to save the environment by automating your Accounts Payable process. You will eliminate the need to track, trace and store paper invoices making your staff extremely happy.
Each step of the Accounts Payable process is time consuming and the cost of one error can be significant.
Automating your AP process will allow you to take advantage of the cloud based technology that is currently evolving. It will tidy up the paper trail and make your accounts payable staff very happy.
In short, it will free up your staff to be more productive in the areas that matter like revenue growth. Which is never a bad thing.
If you would like more information then check out our white paper “The Business Case for Accounts Payable Automation” to find out more.