In our blog, we discuss seven reasons why implementing AP Automation is a good idea, ranging from early pay discounts to advanced reporting tools to real-time approvals. Which benefits interest you and your business?
“According to The Institute of Financial Management, the AP process is the “strategic business partner” for cash management. Proper governance of cash flow can help a business better prepare for the future, take advantage of dynamic or early pay discounts and avoid late payment penalties, while maintaining a better business relationship with vendors, suppliers and ultimately – customers. By investing in AP Automation Software, you’ll increase efficiency , save time and improve cash flow by implementing a dynamic solution.”
If your company invested in Microsoft Dynamics GP, AP Automation can help improve efficiency in four key areas: Reducing Procure-to-Pay Processing Time, Capturing Early Payment Discounts, Improving Vendor & Customer Relations, and Gaining Greater Business Insight
“AP automation systems can help accelerate productivity by capturing and routing your AP invoices automatically – from one location. Invoices can be indexed, classified, matched and directly transferred into MS Dynamics GP. With full systems integration, you eliminate the need for double data entry – reducing the time employees spend on menial tasks, and allowing stakeholders to access order and payment information faster.”
For those in the automotive industry, dealing with paperwork can be quite the burden. Implementing document management software can lighten the load of paper documents, giving employees more time to work on other important matters.
“Automotive dealers have mountains of paperwork associated with every deal, every service procedure and every part or supply ordered. With so many documents, implementing document management software is an easy decision with benefits from purchasing supplies to the final sales and beyond in the back-office functions like AP processing. While there are dozens of reasons to invest in document management software, here are five ways it will benefit your dealership.”