During times of crisis, like the COVID-19 pandemic, it’s natural to think that digital transformation would be put on the back-burner. Employees are already overwhelmed with major adjustments in both their personal and professional lives – how could they possibly fathom a transition in technology, too?
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Whether we’re in the midst of a global pandemic or not, one priority of every company is to cut costs and save money. One area that is often wrought with forgotten costs is accounts payable.
Times of uncertainty call for reliable technology. You have likely deployed a “work anywhere” workforce and have employees working from their home offices, living rooms, kitchen tables or backyards. During this time we at Metafile, along with many other technology providers, are touting the benefits of cloud technology. And for good reason! For organizations that typically operate within an office environment, cloud technology may not have been a priority. However, times have changed and, whether deploying a remote workforce is a temporary or permanent transition, it’s important to understand the advantages of technology, especially automation technology, hosted in the cloud.
Today’s workforce is becoming a remote one. More and more companies are transitioning their employees to remote workers, allowing them to save money on office space and equipment, as well as expand their hiring to a wider group of prospects.
Is your accounts payable department “next level?” When you consider your AP department, would you call it “innovative,” “agile” or “best-in-class?” Today’s top AP departments are embracing technology, streamlining processes and automating manual tasks. As automation becomes more commonplace, more AP departments are adopting it and reaping the benefits of it.
Technology is getting smarter and smarter, which is making companies more efficient, agile and competitive. We have artificial intelligence, machine learning, robotic process automation and more tech-savvy buzzwords that are digitizing workplaces and automating tasks that we never dreamed could be automated. Most automation efforts start with accounts payable, as this department has historically processed the most paper and typically has the most manual procedures.
So, you’ve decided to implement a robotic process automation (RPA) solution but are wondering what the pay-out will be for your organization. It’s a question we hear all the time – how much ROI can I expect to see in the first six months? In the first year? In the first 18 months? And we get it, making sure that your company is seeing a return on your tech investment is essential, especially if you’re considering scaling that investment and implementing it into other areas of your company for a full-scale digital transformation in the future.
Digital transformation is more than just installing new software and pushing “Go”. It’s a changed mindset; a different way to look at how your business manages information and a company culture focused on innovation and process improvement.
We love us some Microsoft Dynamics GP. Many of our customers have found tremendous success with this ERP solution and have used it to better manage their financial information.
Your accounting and finance department is probably used to the daily grind of collecting, processing and filing invoices and other financial documents. And we have serious respect for all that accounting and finance employees do on a daily basis. Because of that, we are constantly looking for ways to help you do your job more efficiently and accurately.