5 Reasons Companies Are Automating Accounts Payable

80% of organizations are looking to automate and move core applications to the cloud in order to provide better visibility into processes and information while AP and finance teams continue to work from anywhere. This has led to a drastic increase in demand for cloud-based AP and payment automation solutions.

Here are just a few reasons companies are implementing cloud AP automation.

Increase Process Efficiency

Manual AP processes usually involve lots of paper and lack of visibility into the invoice and payment process. Implementing an AP and payment automation solution can help improve efficiency and productivity, with a complete audit trail.

Save Time, Money, and Resources

Your business can see measurable results with automation, such as invoice processing costs reduced by 80% and a 40% reduction in the number of paper checks written per month. In addition, many businesses that implement a cloud AP automation solution see significant and fast ROI.

Improve Employee Work Life

AP automation is an investment that improves employee’s work lives. Implementing technology that streamlines processes and improves visibility reduces team stress and improves performance.

Promote Scalability

A cloud AP automation solution can transform your invoice process from manual to modern while providing security, peace of mind, and complete system management. The system scales as your business grows, and your IT team can focus on your core business.

Remain Competitive

Many organizations are implementing digital-first, cloud-first initiatives. In order to remain competitive in the market, automation is now a top business goal.

To learn more about why companies are automating AP, and why it’s so important, download the whitepaper.

If you want to learn how AP automation could work for your business, fill out the form at the bottom of this page.