There’s no getting around it, your company’s AP department is vitally important to the success of the organization. Without quick (and accurate) payment processing to vendors and service providers, your organization loses credibility, money and a competitive edge. There is little that organizations dislike more than late or missing payments!
When it comes to adopting automation, all of you AP managers and IT directors are probably jumping and cheering thinking about the benefits that RPA will have on your department. But, if you’re a CEO reading this, you may still be wondering what the benefits are for you and the rest of the C-Suite. After all, an investment this substantial should improve your workday, too, right?
Implementing a Robotic Process Automation (RPA) solution isn’t like introducing a new copier to the office. It takes extensive planning, research, buy-in and dedication to handling your business processes in a new, innovative way. Because of this, you want to make sure that you and your team are adequately prepared before any sort of implementation takes place.
Robotic Process Automation (RPA) sounds straightforward and all-encompassing. Right? But what about Business Process Management (BPM)? They’re the same… Right? Not quite. While they sound similar, embrace automation and provide very similar benefits, the two terms are actually quite different. Here's how:
Schools, especially higher education institutions are tasked with a variety of challenges, from driving recruitment to managing secure student and employee information, maintaining and driving funding, and developing stronger programs for students and staff. If there’s any industry that handles a lot of paperwork, it’s education. Schools, universities, colleges and other education organizations manage HR forms, student records, state education compliance documents, and class/curriculum forms. And because this information is primarily stored on paper, the processes to manage it is typically manual, inefficient, inaccurate and ineffective.
“It’s so easy to pick out a document management solution that perfectly fits the need of my organization. I don’t feel stressed at all!” said no one, ever.
The search for the perfect document management solution is stressful. And if you’re unfamiliar with terms like ECM, RPA, ERP and OCR, shopping for document management is like trying to watch your first "Star Wars" movie. Two hours in you find yourself lost, confused and unable to remember the difference between a stormtrooper and a clone trooper.
You’ve been entering data manually into your company’s AP system for years. Never mind that it is clunky, paper-based, inefficient and wrought with data entry errors, it’s your system and you’ll use it if you want to!
We’re not going to beat around the bush – investing in new technology, especially something like business process automation software, is expensive. It’s a long-term investment with a scary price tag that likely gets your blood pressure up just a little bit. We get it. We know that we can explain the benefits over and over again, but that doesn’t make the decision to purchase paperless automation any less stressful. But what if we also tell you that your document management investment can also give you a competitive edge in the market?
Efficiency is the name of the game and, as providers of business process automation software, we're all about helping companies streamline processes and enhance their efficiency. With new and emerging technology, it's incredibly easy to enjoy instant gratification. From getting groceries delivered directly to your door in a matter of hours to booking an Uber from just about anywhere, things that used to be a total hassle are now simplified. Including accounts payable procedures.
Here at Metafile, we talk a lot about how a paperless automation solution can benefit your enterprise. But we also know that, when it comes to convincing your staff and executives that it’s worth the investment, you need the numbers. So we’ve laid out the perks of a paperless solution, complete with some of the hard numbers that are sure to motivate your team to take the paperless plunge.