Once you’ve gone through an efficiency drive, streamlined operations and automated processes within your business, a common question is often ‘what’s next?’ Nowhere is this truer than the finance department – as an organisational cost centre it’s frequently one of the first areas of a business to be put under pressure to cut costs and do more with less.
This process often starts with accounts payable often the most admin- intensive operation within the finance department and indeed perhaps the whole business. For many organisations, the volume of invoices being received, tracked, processed and paid requires significant time and resource to run smoothly. Automating this process and being able to scan, track, process and store invoices automatically streamlines day-to-day operations, leading to fewer errors, reduced document storage requirements, faster processing and a more efficient use of human resources. Rather than spending considerable amounts of time on processing invoices manually, AP staff are freed up to deal with out of the ordinary issues and queries and improve the service they offer.
