Weekly Roundup – Faster AP Invoice Approval Boosts the Bottom Line, Six Ways to Improve Inventory Management, 12 Things Enterprises Don’t Know They Can Automate

Faster AP Invoice Approval Boosts the Bottom Line

Still working with paper? Things like making photocopies, finding lost and misfiled documentation, and manually processing paper all take a toll on the process.

According to Business Finance magazine, the average cost of manually processing an invoice is around $20 versus $4 for automated processing. The opportunity for savings and improvement is even greater for small and mid-sized organizations.

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Six Ways to Improve Inventory Management

ERP enables a company to optimize inventory levels through the identification of when to purchase to fulfill demand, ideal allocation both in stock inventory and incoming purchase orders to specific orders, and with real-time monitoring of goods receipts and inventory warehouse levels, among other key indicators.

A quality ERP system provides the tools to track inventory the most efficient way. Notifications can be set up to automatically alert employees that they need to replenish inventory.

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12 Things Enterprises Don’t Know They Can Automate

Just as a smart thermostat regulates temperatures, intelligent automation solutions can draw on booted-up machines when you need additional computing power.

It’s advantageous for organizations using big data to use automation to reliably execute complex workflows needed to process unstructured and structured data. Such solutions offer a centralized viewpoint for workflows and processes that give organizations enhanced monitoring of big data dependencies and constraints.

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