One of the big struggles that most businesses face is when a need for business process change is recognized the timing of implementation quickly becomes a problem and often either the change gets substantially delayed or no change is ever made.Read More
Office Document Strategies Blog
As we have discussed in a couple of previous articles AP Automation is one of the fields which can offer significant benefit to most businesses. Currently the average business is still handling at least 50 percent of its accounts payable in a paper format taking time, aggravation and risk when compared to the potential of a more streamlined process using newer technologies.
One of the things which holds many potential adopters back is the concern over installing, maintaining infrastructure and financing the cost of setting up a solution for AP. Like any software implementation it is a challenge to figure out if the returns are going to offset the costs of the hardware, software and the administration of the potential solution. In light of this inertia often prevails and the status quo becomes the default option.
Enter the cloud
One of the reasons that so much interest and attention has developed over the past few years around cloud computing is the potential to reduce the pressure for this default inertia when new system potential is identified.Read More
In a 2014 study or the levels of use of Account Payable automated systems respondents indicated that paper invoices remain a big part of their payables operations. 70 percent said that at least 50 percent of their invoices are still being tendered in paper format and less than 9 percent said paper invoices are less than 10 percent of their total volume.Read More
Topics: AP Automation
One of the great benefits of technology available to businesses today is being able to automate what was commonly a routine process which in a manual paper based world has taken extra time.Read More
Topics: workflow processes, running costs, cloud computing, Scanning, document filing, document storage strategy, software tools, business processes, paper filing, Paperless office, Less paper office, digital tools, AP Automation