Companies have decided it’s time to get proactive with payables management as a way to sustain productivity gains. This white paper looks at why you should consider the real costs involved with inefficient manual AP (Accounts Payable) processes, the real world issues that you’re up against and how to choose the right course of action going forward with the top 5 questions to ask during AP automation evaluation.
Research suggests that more executives would embrace AP automation if they could quantify the return on investment. This white paper helps make that case in 5 steps, documenting the risks and waste of paper-based processes and providing quantifiable solutions that will allow senior executives to make an informed decision. This paper will also discuss the advantages of AP automation solutions that utilise and extend a company’s existing IT infrastructure investments, including their ERP and ECM platforms, to support a lower total cost of ownership and maximise user adoption.
Technology is constantly evolving, with change accelerating seemingly overnight. At the same time, more than 70 percent of companies process more than half of their invoices – and organizations in general pay most of their bills – the old-fashioned way, on paper. See the research that suggests that more executives would embrace AP automation if they could quantify the return on investment, why paper-based processes pose risks and waste which can be eliminated with AP automation and how AP automation solutions utilise and extend a company’s existing IT infrastructure investments.
Accounts payable automation can deliver a rapid return on investment (ROI) by eliminating the risks and waste of paper-based processes and utilising and extending a company’s existing IT infrastructure investments. This paper will showcase how AP automation delivered solid ROI for one customer - Service Systems Associates (SSA), a national provider of service amenities in U.S. zoos, museums, and aquariums serving over 27 million visitors annually, how they determined the right AP automation for their organisation and how they saved $14k annually after implementation.