Paper is the enemy of process efficiency and visibility.
Every time you have a piece of paper somewhere floating around in a process, no one else in that process knows exactly where it is – so, suppliers call to get a payment status and you have no way of checking where the invoice is in the review and approvals process. Perhaps this means the supplier will call again, perhaps they’ll send a copy of the invoice, perhaps they’ll also call the person who ordered their product or service – either way, there is likely to be additional time wasted and increased probability of paying an invoice more than once.
Paper also means the grip you have on cash flow is compromised – if you don’t know which invoices are out there because suppliers send them directly to the person who ordered, how do you know what to accrue for or what your outstanding liabilities might be?
Fast Fact: Main drivers for automating business processes?
Top 3 are:
1) reducing operating costs – 67%
2) reduce employee admin time – 60%
3) help the organization make revenue gains – 44%
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.
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.