Vision360 Enterprise Accounts Payable Automation
  • HOME
  • WEBINARS
  • SOLUTIONS
    • VISION360 ENTERPRISE RESULTS
    • AP INVOICE SCANNING
    • ACCOUNTS PAYABLE WORKFLOW
    • ACCOUNTS PAYABLE DASHBOARD
    • AUTOMATED 3-WAY PO MATCHING
    • SUPPLIER PAYMENTS
    • INDUSTRIES >
      • AGRICULTURE
      • CONSTRUCTION
      • FOOD & BEVERAGE
      • HEALTHCARE
      • HIGHER EDUCATION
      • HOSPITALITY
      • LIFE SCIENCES
      • MANUFACTURING
      • RETAIL
      • TECHNOLOGY
      • TRANSPORTATION
  • ACCOUNTING SYSTEMS
    • AS400
    • EPICOR
    • INFOR
    • JD EDWARDS
    • LAWSON
    • MEDITECH INTEGRATION
    • MS DYNAMICS 365
    • MS DYNAMICS GP AP AUTOMATION
    • MS DYNAMICS NAV INTEGRATION
    • MS DYNAMICS INTEGRATION
    • NETSUITE AP AUTOMATION
    • ORACLE INTEGRATION
    • PEOPLESOFT INTEGRATION
    • QAD INTEGRATION
    • QUICKBOOKS INTEGRATION
    • SAGE INTEGRATION
    • SAP INTEGRATION
  • RESOURCES
    • The Costly Pitfalls of Manual Invoice Processing
    • Maximizing Cost Savings: How CFOs Can Leverage Invoice Process Improvements
    • A Day in the Life of an Payables Department: Unveiling the Essentials
    • The Significance of Three-Way Purchase Orders: Enhancing Efficiency and Accuracy with AP Automation
    • Revolutionizing Efficiency: The Comprehensive Benefits of Implementing Accounts Payable Automation in Organizations
    • The Power of Efficiency: Calculating Time and Cost Savings in the Accounts Payable Process with AP Automation
    • Vision360 Enterprise: Transforming Controllers' Roles and Why They Love It
    • Why BlueCreek Software: A Game Changer for Efficiency with Vision360 Enterprise
    • Revolutionizing Accounts Payable: The Power and Potential Concerns of AI Invoice Processing
    • Navigating Reluctance: Understanding Why Companies Hesitate to Implement Invoice Process Improvements
    • How AP Automation Transforms Finance at Every Level >
      • ACCOUNTS PAYABLE AUTOMATION
    • Getting Started: Steps to Streamline and Optimize the Entire AP Process >
      • PRICING
    • Unlocking Efficiency and Savings: The Benefits of Invoice Optimization
  • CONTACT
    • SUBMIT RFP
    • SUPPORT
    • ABOUT
    • CAREERS

Is AP Automation A GOOD Investment?

7/7/2016

0 Comments

 
Picture
Accounts payable automation’s attractiveness as an investment is well documented. Studies by The Hackett Group, the Institute of Finance and Management, Nucleus Research, Aberdeen Group, the Institute of Financial Operations and many other independent industry experts document broad and substantial cost savings.

In a straightforward example, the Aberdeen Group’s May 2012 report, AP Invoice Management in a Networked Economy, measures efficiency leaders at less than $2 to pay a bill, while the majority pays $6 - $25 or more, indicating available savings of more than $40,000 for every 10,000 invoices annually in most organizations. How can the majority resist the attraction of investing in technology that pays for itself? Creating your own business case for change in how you do AP is a good starting point – there is enough evidence to give you confidence that your case will be compelling.

In addition to the reduction of personnel costs for the capture and entry of invoice data, organizations also benefit from a reduction in duplicate invoices, increased discount capture, and the elimination of late payment penalties. So where should you look when estimating the benefits that can justify your investment in end-to-end AP automation?

Here are some of the common areas that yield the greatest return:
  • There is great value in a single, consistent, automated process for all types of invoices, paper and electronic. Without this technology, organizations rely on different processes, managed by different people, with different methods of viewing and interaction.
  • The capture, extraction, validation, and entry of invoice data automates the most painful part of the process. This is where errors multiply, where delays occur, and where the headcount costs are visible. It is universally viewed as a low-value activity.
  • Automated purchase order matching removes low-value work from the outset. Successful matches result in straight-through processing.
  • Workflow for discrepancy resolution and approval is the heart of the process. It engages all employees, so it has to be easy to use. It requires complex tasks, such as ensuring valid accounting codes and enforcing approval limits and hierarchies. This is where segregation of duties must be embedded, and where fraud can be trapped
  • A self-documenting audit trail removes the painful task of supporting audits and responding to inquiries.
  • The real-time status of all invoice liabilities, alerts and escalations bring focus on priorities before others notify you. It positions AP to perform a fast period close

About Vision360 Enterprise and BlueCreek Software: BlueCreek Software is the developer of industry leading accounts payable automation system, Vision360 Enterprise. Vision360 Enterprise provides accounts payable automations services, systems and solutions to leading companies across the United States and Internationally. For more information about our Vision360 Enterprise accounts payable automation solutions please contact us www.Vision360Enterprise.com or call (603) 437-1400. 





0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Vision360 Enterprise  Accounts Payable Automation Solution by BlueCreek Software reduces time wasted chasing down paper invoices by automating invoice approvals, eliminating manual data entry, eliminating paper invoices and reducing processing costs.

    Categories

    All
    Accounts Payable Automation
    Accounts Payable Automation Quote
    Accounts Payable Automation Systems
    Accounts Payable Best Practices
    Accounts Payable Fraud
    Accounts Payable OCR
    Accounts Payable Processing
    Accounts Payable Quote
    Accounts Payable ROI
    Accounts Payable Workflow
    Accounts Payable Workflow Quote
    AP Automation
    AP Fraud
    Eliminate Data Entry
    Fraud Prevention
    Great Plains
    Happy Vendors
    Important Accounts Payable Metrics
    Invoice Automation
    Invoice Ocr
    Month End Accounts Payable
    MS Dynamics
    Prevent Fraud
    Preventing Fraud
    Stop Ransomeware
    Vision360 Enterprise

    Archives

    September 2023
    June 2023
    November 2022
    August 2022
    July 2022
    May 2022
    March 2022
    February 2022
    December 2021
    October 2021
    July 2021
    March 2021
    January 2021
    December 2020
    April 2020
    March 2020
    September 2019
    June 2019
    May 2019
    April 2019
    January 2019
    July 2018
    May 2018
    April 2018
    March 2018
    January 2018
    November 2017
    October 2017
    August 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    March 2014

    RSS Feed

    See AP Automation Live!
All Rights Reserved 2023 Vision360 Enterprise® is a registered trademark of BlueCreek Software.   
​
Privacy.

  • HOME
  • WEBINARS
  • SOLUTIONS
    • VISION360 ENTERPRISE RESULTS
    • AP INVOICE SCANNING
    • ACCOUNTS PAYABLE WORKFLOW
    • ACCOUNTS PAYABLE DASHBOARD
    • AUTOMATED 3-WAY PO MATCHING
    • SUPPLIER PAYMENTS
    • INDUSTRIES >
      • AGRICULTURE
      • CONSTRUCTION
      • FOOD & BEVERAGE
      • HEALTHCARE
      • HIGHER EDUCATION
      • HOSPITALITY
      • LIFE SCIENCES
      • MANUFACTURING
      • RETAIL
      • TECHNOLOGY
      • TRANSPORTATION
  • ACCOUNTING SYSTEMS
    • AS400
    • EPICOR
    • INFOR
    • JD EDWARDS
    • LAWSON
    • MEDITECH INTEGRATION
    • MS DYNAMICS 365
    • MS DYNAMICS GP AP AUTOMATION
    • MS DYNAMICS NAV INTEGRATION
    • MS DYNAMICS INTEGRATION
    • NETSUITE AP AUTOMATION
    • ORACLE INTEGRATION
    • PEOPLESOFT INTEGRATION
    • QAD INTEGRATION
    • QUICKBOOKS INTEGRATION
    • SAGE INTEGRATION
    • SAP INTEGRATION
  • RESOURCES
    • The Costly Pitfalls of Manual Invoice Processing
    • Maximizing Cost Savings: How CFOs Can Leverage Invoice Process Improvements
    • A Day in the Life of an Payables Department: Unveiling the Essentials
    • The Significance of Three-Way Purchase Orders: Enhancing Efficiency and Accuracy with AP Automation
    • Revolutionizing Efficiency: The Comprehensive Benefits of Implementing Accounts Payable Automation in Organizations
    • The Power of Efficiency: Calculating Time and Cost Savings in the Accounts Payable Process with AP Automation
    • Vision360 Enterprise: Transforming Controllers' Roles and Why They Love It
    • Why BlueCreek Software: A Game Changer for Efficiency with Vision360 Enterprise
    • Revolutionizing Accounts Payable: The Power and Potential Concerns of AI Invoice Processing
    • Navigating Reluctance: Understanding Why Companies Hesitate to Implement Invoice Process Improvements
    • How AP Automation Transforms Finance at Every Level >
      • ACCOUNTS PAYABLE AUTOMATION
    • Getting Started: Steps to Streamline and Optimize the Entire AP Process >
      • PRICING
    • Unlocking Efficiency and Savings: The Benefits of Invoice Optimization
  • CONTACT
    • SUBMIT RFP
    • SUPPORT
    • ABOUT
    • CAREERS