Crash Course in e-Procurement: Simplifying AP
Today we’ll take a look at how invoice payment cycles can be changed from needlessly complex to swift and simple with the help of automation. Whatever you can do to spare your AP employees frustration and wasted time translates into money saved for your business. eInvoicing brings simplicity, compliance and flexibility to your accounting department, resulting in improved operations and a quick ROI.
- Simplifying the complex – Software is changing slow-moving AP departments into lean, dynamic caretakers of a business’ financial and legal well-being. Not something easily done when workflow requires invoices to pass through dozens of hands before (eventually) getting paid.
- Easy compliance – eInvoicing enables easy reporting and auditing, providing peace of mind that is lacking in businesses who rely on the skill, attention span and ethics of their AP personnel in order to avoid financial and public relations catastrophes.
- Flexibility – A topnotch solution provider is prepared to offer the configurability each organization requires. Scalability is another bonus as corporations find that an automated system can handle drastic increases in invoice numbers without the need for additional employees.
In short, software should accommodate the needs and goals of a business, rather than a business having to adapt to the demands and challenges of an inflexible system. To read more, download our new white paper: Why You Should Care Who Processes Your Invoices: Trends in eInvoicing and Sourcing.