As a manager, you know better than anyone that time is money, efficiency is the name of the game, and all those other clichés about digitizing being the wave of the future. So why is your team still handling accounts payable with the same old paper-heavy processes? You’ve probably heard of AP automation software, but…
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…
Grievances and appeals—common to industries such as insurance and healthcare—are heavily regulated by both federal and state laws. That means it’s extremely important that their receipt, decision, and resolution process are continuously tracked and reviewed in order to remain in compliance. Delays along the way provide a poor customer experience, and gaps or errors in…
In an increasingly digital world, paper-based businesses are often at a disadvantage to competitors. From order fulfillment to grievances and employment applications, everything done on paper adds costs and slows down internal processes, generating confusion, creating unclear workflows, and increasing the risk of data entry errors and lost or misplaced documentation—all of which can compound…
Different day. Same repetitive business tasks. From opening letters to filing documents and manually entering data into your ERP system, many valuable hours are wasted on activities that don’t benefit your bottom line or fully utilize the talents of your employees. In fact, as you think about all the repetitive work happening day after day,…
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,…