There is a lot of hype surrounding the results of RPA (robotic process automation), which is a way to automate manual, repetitive processes in your business. When the application is implemented properly, for the right processes, businesses can gain enormous efficiencies. The best-case scenario for RPA gets even non-technical people excited about an application that…
Workflow automation can help you streamline your business processes and reduce costs, and if you’re new to automation, accounts payable is a great place to start. Besides expediting the review, approval and payment process automation eliminates the risk of data entry errors and reduces the accidental loss of data and documentation. But just as importantly,…
For companies that want to improve their bottom lines, continuously reassessing and upgrading key business processes is crucial. When deciding which processes to improve to get the best ROI, the accounts payable department is a good place to start because its functions impact every department in addition to the bottom line. In fact, automating even…
SMART goals and AP automation can help companies achieve their accounts payable objectives. Transform your invoice processing today.
Closing the Gaps with Better Workflows Streamlining invoice processing with workflow automation can help you save a significant amount of time and money. Compared to manual invoice processing, an automated invoice flow accelerates approval times, increases data accuracy, and cuts down the cost of invoice preparation. Workflow automation allows your business to replace the physical…
AP automation speeds up invoice processing and allows companies to handle a higher volume of documents than would otherwise be possible. But beyond speed and volume improvements, accounts payable automation also provides benefits in other areas that positively impact a business’ bottom line. If your AP department is struggling due to problems like high processing…
Deciding to digitize incoming invoices and automate invoice processing is a smart choice that can significantly benefit your organization, especially if you regularly process a high volume of invoices or have multiple locations that make efficient processing difficult. Invoice scanning allows you to quickly and securely access important AP documents from your computer or mobile…
Is your organization constantly buried in paperwork and bogged down when processes get stuck? Now’s the time to make a change. Automating your business processes will give your company a competitive advantage by saving you time and money and allowing you to more nimbly adapt to a changing business landscape. Broken processes come in all…
For companies in the lower middle market (LMM) when it comes time to make process improvements, the accounts payable department is an easy target. Why? Because between the high volume of documents and the lack of efficiency due to never-ending manual processing, inefficient AP processes drain both your capital and your employees. Without AP automation,…