Buyer's checklist: Can your business benefit from AP automation?

When you automate the payment process, there is no longer a need to manually enter data, verify its accuracy and be concerned about physical storage of financial paperwork. Automating the Accounts Payable (AP) processing means simply using digital technology to accomplish the otherwise time-consuming processes that you previously did manually. 

Accounts payable automation also involves the ability to offer additional payment options, including electronic payments. Delivering more payments electronically reduces the number of vendor inquiries on payments that are lost in or stolen from the mail. Often, increasing the number of payment options can result in an increase in manual processes. However, utilizing accounts payable automation tools can make the process more efficient through secure data management and payment automation. 

Considering AP automation for your business?

Is AP automation right for your business? Businesses who seek to reduce AP processing costs can look to automation as a cost-effective solution. Also, reducing the number of people involved in processing not only helps reduce the potential for human error but can also speed the process and increase AP effectiveness.

Use the downloadable buyer's checklist in this blog to assess whether or not your business can benefit from accounts payable automation.