Even amidst a global pandemic, a ‘green’ strategy that benefits community, the environment and employee wellbeing is a solemn corporate commitment. At such challenging times commercially, finding a cost-efficient way to live up to that commitment is not easy. But through efficient AP invoice automation, Finance Teams can become that bit leaner and greener. Corporate
Not very long ago, the offices a company had spoke volumes of their corporate image, standards and ambitions. But events over the past year have caused a sea-change. The office is no longer seen as a necessary working environment. Companies are rethinking how they set up and, as a consequence, are also considering the practicality of traditional document storage and records management procedures. Read this blog to find out the advantages this service offers to a remote workforce.
Of course, being completely on top of your accounts payable despite the disruption caused by the coronavirus pandemic is vital if cashflow is to be maintained. And it is in this aspect that AP Automation can help greatly in the recovery and cost control.
The past 12 months have been something of a drain on optimism. Between Covid-19 safety requirements and lockdown restrictions, business has been injured significantly. So, finding ways to lower costs and improve the bottom line is more important than ever. Adopting a Digital Mailroom can help companies take a step closer to recovery in 2021.
For every business, adopting technology is welcome as long as the change brings with it genuine benefits. It is a matter of Return On Investment. Despite reports of fast and impressive Returns On Investment, resistance to invoice automation prevails. But how is ROI calculated? And can it really be achieved in less than a year?
There can be little argument over the impact the Covid-19 pandemic has had on business. It has created an unexpected strain both financially and operationally speaking and, as a result, a whole new set of challenges for 2021. But what are the biggest challenges to finance functions in 2021? And does a reliable, efficient solution exist?
It is no secret that transparency is an important part of any business’s operations, not least because of its critical role in good governance. So, when it comes to document and records management procedures, having a management system that fully satisfies regulations on transparency is key.
It’s already widely accepted that paper-based processing procedures are too slow, too labour intensive and ultimately too costly. The modern business world demands greater efficiency in every department – and there are no signs of this trend relenting. So, switching to the paperless Accounts Payable department could be the most critical investment your business makes.
The benefits of switching from a manual accounts payable process to an automated one are no secret. Numerous studies have highlighted the boost AP automation can have to efficiency, data accuracy and data security. But when choosing the right AP invoice automation provider, there are some important factors to consider.