Technology is surging and the future of accounts payable looks promising. Transforming AP is achievable and encouraged as more and more companies are embracing digital transformation and passing up companies that are lagging behind.
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More companies than ever before have adopted automation technology since the pandemic struck. Automation, like robotic process automation (RPA), has allowed companies to continue to run business operations securely, efficiently and strategically no matter where employees are working from. And when the post-pandemic world finally appears, automation will be key for recovery.
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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.
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.
When it comes to launching a process automation strategy, the first step is often the hardest one to take. Today’s customers are moving faster than ever before. They expect faster responses, want to make faster decisions, and want products at their doorsteps or implemented into their organizations faster than ever before. Because of this, it’s imperative that companies embrace automation where they can.
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.