How much paper do you think goes in and out of your accounts payable (AP) department each week, month, and year? We would bet it’s a lot.
When you, or your AP team, are dealing with paper invoices and checks you could be spending more time tracking them down than you are reviewing and approving. It’s inevitable that some will likely be lost or misplaced during the process, which could even lead to inaccurate spend and prevent you from forecasting correctly in the future.
That’s where AP & payment automation comes in handy and removes the paper from overcrowding your AP team’s desks. Automating your accounts payable process will easily help you forget those pesky, misplaced paper invoices and checks for good.
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John Parisi, Director of Alliances at Avid Xchange