ipayables

Add Value to Accounts Payable and Your Organization

By iPayables | April 29, 2021

Puzzle Pieces

In today’s compartmentalized corporate world, it is hard to look at a single department and understand how their function can affect the company on a big-picture level. This can be especially hard when looking at the accounts payable department. AP professionals are usually focused on one thing – getting the bills paid on time, so that materials and services keep rolling in. When new systems or changes are proposed, it is easy to only focus on how the proposed add value to accounts payable, rather than the company as a whole.

For companies to reach their full potential, every department needs to be looked at as a single link in a long chain – if even one link is weak, that could break the entire chain. By taking that next step in the evolution in accounts payable, the entire AP department will affect your company in ways you may have never considered.

First and foremost, switching to an enterprise-level accounts payable automation solution will save your entire company time and money in the long run. Even with a department that solely focuses on money going out the door, slimming down spending in the AP department helps companies large and small save on the bottom line by cutting postage, paper, labor, and time costs.

Audits become a breeze with accounts payable invoice automation, making those stressful weeks of multi-departmental all-hands-on-deck work turn into a couple of easy days for both the auditor and the entire company. No stress, and no time wasted chasing down paper trails.

But that’s not all – switching to an enterprise-level accounts payable solution not only saves your company money but can make your company money too! You can finally take advantage of early-pay discounts by automating your processes, and the financial department will thank you for it!

With the ease that comes with automating your accounts payable department, staff previously burdened with the manual data entry grind can be freed up to complete other tasks, whether that’s in the accounts payable department or making the switch to another department.

No longer will the accounts payable department be seen as that department that drains time, resources, and money. By making the switch to accounts payable automation, you do not add value to accounts payable alone- your whole company will thank you. Check out this page for more information on how switching to AP automation helps your entire company!

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