Making significant process changes is rarely ever easy, but if you’re reading this post, there’s probably a reason you’re curious if switching to an automated accounts payable system is the right move to make in your company. Maybe you’ve heard colleagues at other companies have had success making the switch, or perhaps you just feel bogged down with endless paperwork and that there has to be a better way. We work with people in finance every day to identify what process improvements they can make and if an accounts payable automation system is the right solution for them. Below we’ve outlined some key signs that your finance department is in the right place to start considering such a system.
You know the routine. Each month, you hand your accounts payable specialist the stack of invoices from your vendors and suppliers for entry into your accounts payable system. Your employee will spend the next two days staring at the computer, working to get everything done. At this point, the routine is so repetitive that they could do it in their sleep and often do. Sounds exciting, right? There has to be a better way. OCR technology could be the answer.
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