How AP Teams can Offset Rising Inflation with Automation

With inflation at its highest rate in over 40 years, businesses are looking to offset the financial squeeze by implementing technology to reduce cost.

Accounts Payable Automation is seen as the low-hanging fruit in terms of reducing cost and increasing productivity by:

• Reducing the cost to process an invoice by up to 98%
• Reducing time spent on data entry by a minimum of 90% resulting in an opportunity to redeploy finance staff to other areas of the business
• Achieving a paperless office which reduces the need and costs associated with storage
• Unlocking the ability to negotiate early payment discounts with suppliers as a result of slashing time to pay suppliers by at least 50%

Watch this video to find out how AP Automation could help your business to offset inflation.