Why Every Business Needs Vendor Payment Automation
Automating vendor payments is a way to streamline accounts payable, reduce errors, and protect your business from payment fraud.
2 min read
Chris Cosgrove
:
Jan 31, 2014 12:29:00 PM
In today’s modern world with all the host of technology that’s available to us there’s a subtle subtext in our conversations…is all this technology actually making life better.
Sure, who can imagine life without first world amenities like coffee cup sleeves, BPA free water bottles, Instagram, and Stevia? Just kidding…in seriousness things like e-mail, video conferencing, smartphones, and GPS have made our lives much easier in many ways. At the same time, there’s a sense among folks that all this cushy technology is making us less relationally sensitive and progressively dumbing us down as we collectively rely up on machines to do things that used to require more cognitive function.
In Acccounts Payable, the tide is turning away from outdated manual processes to increasingly effective automated scenarios. But Accounts Payable automation doesn’t mean you can check your brain at the door.
The bottomline is that Accounts Payable automation can make a huge difference in your processing productivity, cost per invoice, and create unprecedented, actionable visibility within your AP department, but it will always require a deft touch to achieve. In this way, it requires a synthesis of automation technology and physical process to make it hum. We think that the best approach to that is by empowering your organization through Document Process Outsourcing and going for AP automation gold!
Automating vendor payments is a way to streamline accounts payable, reduce errors, and protect your business from payment fraud.
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