Storing and Analyzing Digital Data
The Key to Greater AP Efficiency
For years, the accounts payable department has been a consistent bottleneck for organizations looking to go digital. The amount of manual, paper-based processes required by AP teams have remained inefficient, hindering visibility and collaboration. Oftentimes, AP departments spend more time on data entry and paper shuffling than actually being productive. In fact, with the impact of the pandemic, members of an AP team are now spending more than 50% of their day looking for invoices.
Because of this, AP automation is more important than ever.
A study by Levvel Research shows that 54% of organizations plan to continue with some form of work-from-home initiative, even when some team members return to the office. This means that tracking and managing invoices throughout the process, as well as managing their data, is critically important and must be done digitally.
If you want to learn more about an AP automation solution for your business, fill out the form at the bottom of this page.