A Third of Your Time is Lost to Searching for Information
Whether you’re relying on your email inbox or a filing cabinet to store documents and information, the cost in terms of your time and energy is far greater than you think.
According to the U.S. EPA, a typical employee spends 30-40% of their time looking for information locked in email inboxes or filing cabinets.
No other department in your organization is as aware of this problem as the accounts payable team. They have to interpret invoices that come in every form from snail mail, to FAX, to email to EDI. Once the inbox is sorted out, there is the approval process… The stacks of invoices sitting on managers’ desks, lost in the sea of paper. Running around the office being the “bad guy” who pesters the management team to approve and code their invoices. Fielding angry calls from vendors who just want to know when they’re getting paid.
There is definitely a better way. AP automation takes the pain out of both the incoming
chaos and approval bottlenecks, putting data and documents in the hands of the right people at the right time, reducing back-and-forth emails, phone calls and instant messages while delivering process visibility to everyone.