As you finish closing out the books for 2016, it’s time to think about what the coming year could hold for the accounts payable industry. This past year we saw a big push toward cloud-based document management and automation. This year we think that trend will continue, with more technologies and advancements around data, artificial intelligence, mobile accessibility and more!
In today’s high-speed digital world, we expect instant answers and immediate results. Without the technology to support this, businesses can struggle to make accurate, real-time decisions – especially when they are relying on paper-intensive, manual processes that require extensive spreadsheets and weeks of analyzing to inform key stakeholders. With a cloud financial system, data across an organization is easily accessed, analyzed and actionable.
Did you know you could reduce your document management costs by up to 80% if you choose the right system? Download the infographic for free when you subscribe to our blog.
Uplevl, empowering data and improving business efficiency, today announced that its software has been recognized as an Acumatica-Certified Application (ACA).
Cloud-based accounting software serves essentially all the same functions as your traditional on-premises or self-install accounting software; however, the key difference is that cloud-based software is hosted on remote servers, providing additional benefits in storage and security. These systems work by sending data to the cloud, where it is processed first, and then returned to the user. All application functions are performed off-site, rather than on the user’s computer. Users can remotely access their data anywhere they have internet access simply by using the cloud application’s software provider. An increasing number of business owners are making the switch to cloud-based accounting software. Below are just a few of the benefits experienced:
If your business is avoiding implementing business process automation software for invoice processing and accounts payable processes, it’s time to take a deeper and more critical look at the metrics. What are the operational costs, productivity levels, cycle times, and error rates associated with your business’ traditional, paper-based AP processes? Can you confidently quantify these costs? A trusted and widely-used way to see if your AP processes are efficient and cost-effective is to compare your business’ current metrics with the APQC’s  benchmarking survey reports. By doing this, you can determine where exactly you stand in comparison to industry
Thanks to the fast development of paperless technology, businesses have a new way to improve their efficiency and administrative costs, while also reducing their carbon footprint (or “going green”). Making the switch from a traditional, paper-based office to an automated paperless office is understandably daunting; as such, we’ve collected the following tips and tools to help your business begin its transition toward a paperless future. Remember this is not going to be a one-and-done, instantaneous transition – it’s a process! TIP#1. Stop storing and start scanning. Physically storing all of your business documents is typically expensive, unorganized, cluttered, and prone