Auto Dealership Accounts Payable: How to Reduce Errors with AP Automation
If you've worked in accounts payable (AP), you know that many operational struggles begin with errors in manual data entry of invoice data. While...
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Where there’s a will there’s a way!
While this might be a simplistic truism that’s bandied about, there is an elemental truth to it that merits some exploration. However that being said, no wise builder ever goes to construct an edifice without having counted the cost so as to ascertain the resources and time required to bring it to fruition. Sometimes it makes sense to build and sometimes it doesn’t. The key there is the evaluation of value derived from the building once completed. Similarly, AP automation is something that will cost to build, but the question is what is the worth to you? That is a subjective question that only you can answer with some analysis and introspection.
From our perspective there are a few things you need to address in order to come to a conclusion on that question.
Long story short, in order to get the executives on board, you better have done your due diligence to make your business case compelling so that whatever automation method you are choosing to pursue makes sense operationally and financially. If you can get those spheres to align, then in most cases you can get AP automation fly. The only obstacle to it that sometimes rears its ugly head is the competing interests and internal political pressures that occur with significant projects. In most cases though, the ROI of a positive project is enough justify it. If you juice your business case with some ideas on how to monetize your process from an ongoing base, the effect is akin to throwing gas on a fire.
Boom!
We hope this helps you assess whether you can justify and execute your AP automation project. If you’re still undecided on what approach is best for you we invite you to check out the eBook below!
If you've worked in accounts payable (AP), you know that many operational struggles begin with errors in manual data entry of invoice data. While...
Today’s auto dealerships must be efficient, competitive, and technologically advanced to meet the growing demands of customers and vendors. Achieving...
Vendor payments in auto dealerships, by and large, have been governed by manual processes involving keying paper invoices into accounting systems,...