Whitepaper : How to become an Accounts Payable Top Performer ?
In today’s business climate, organizations in every sector are under pressure to do more with less. That means businesses cannot afford to loose any opportunity to free up their working capital. Accounts Payable functions across industries are challenged to cut costs, boost efficiency and reactivity, and speed up processing time without sacrificing accuracy.
So, what’s the best way to turn your AP department into an innovative center, tackling cost and speed challenges? Automate it!
Download this Whitepaper to learn about key steps that are crucial in selecting the right AP automation solution, explore AP automation best practices exhibited by top performers, and revamp your AP before your competition does.
This whitepaper will provide you with a concrete roadmap:
The challenges Accounting Departments should consider when transitioning to AP Automation
How companies that leverage AP automation outperform those that do not
Now that you are ready for AP Automation, what do you do next?
How to make the right choice?
Wanna stay ahead of the game?
By reading this whitepaper you will get an overview of:
The challenges Accounting Departments should consider when transitioning to AP Automation
Per a study released by the Aberdeen Group, AP departments list these three top priorities:
Reactivity: Obtain real-time data on all information related to reporting and decisionmaking.
Productivity: Enable employees to focus on value-added tasks, and process more invoices with the same headcount.
Agility: Reduce time spent handling and searching for paper documents in favor of more
proactivity.
How companies that leverage AP automation outperform those that do not
A second study by Capgemini Consulting estimates that introducing paperless AP automation for purchase-to-pay results in a total 71 percent cost reduction.
These astounding figures are self-evident and demonstrate an obvious fact:
AP automation has huge potential to increase company profits as a result of an improved source of productivity, savings, and agility within a company. It drives more than £10.47 savings per invoice and reduces invoice processing and approval workflow time by 50 percent.
Now that you are ready for AP Automation, what do you do next?
There are three key areas to explore when preparing to activate an AP automation platform: Understanding actual workflow and challenges, success measurements, and project planning execution.
How to make the right choice?
Solution performance, infrastructure security, level of automation provided, upgradability, durability, and capacity to assist the supplier are just some of the features to be considered as important decision-making criteria.
