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.
The disruption caused by the COVID-19 pandemic has forced businesses into making changes to their processes. But in some cases, this has increased company vulnerability, particularly to threats like invoice fraud with opportunist fraudsters taking advantage. However, companies that have embraced AP Automation find themselves better protected against fraud. Invoice fraud has been growing in
As Covid-19 restrictions are gradually being lifted many businesses across the country are facing the task of preparing the workplace for the return of their workforce. Through their Return To Work Safely Protocol, the Irish Government has laid out a range of conditions that companies must satisfy before they can be deemed safe to return to operations.
The impact innovative technology has had on the business world has been immense. It’s not just been in customer services and manufacturing; it’s also made traditionally laborious areas, like accounting processes, more efficient making the tasks of AP departments that bit easier to undertake.
These days, remote work is more a necessity than a preference. Even if offices are closed or manned by a skeleton staff, the work still has to be done. With so many people working from home, businesses face different challenges but, even in the coronavirus crisis, Document Management doesn’t need to be affected.
In the midst of the COVID-19 global pandemic, businesses have been forced to face challenges that would not normally have appeared as key challenges. One such area is Control and Visibility, with procedures now largely being operated through remote working. But through AP Automation, these are elements that are already greatly enhanced.
Today’s working office is a place where technological and traditional methods are expected to work in harmony. Yet, some remain satisfied with paper documents in a filing cabinet. But the twin obligations of document management and data protection has made Cloud storage a necessity rather than a luxury.