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Top Reasons to Automate Accounts Payable

May 10, 2016

Top Reasons to Automate Accounts Payable. Reason 8 Competitive Advantage - Artsyl

Reason #8: Competitive Advantage

Want to gain a competitive advantage over 60% of your competitors? Automate your AP processes.

According to a survey from the Institute of Financials Operations, less than 60% of organizations use invoice imaging at the beginning of their AP process and nearly 80% fail to capitalize on OCR technology to automatically extract invoice data. It’s no wonder that quality is so low and inefficiency, cost and error are so high when it comes to payment processing within these organizations.

For companies exploring AP automation today, this translates into a significant competitive advantage. Greater efficiency, reduced costs, a greater ability to scale and expand operations by automating accounts payable processes puts your organization ahead of the 60% who have not applied business process automation to AP.

Eight great reasons to automate. And zero excuses.

Want to learn more about how to make a business case for AP automation in your organization? Contact Artsyl to learn more about how AP Automation can help your organization be more competitive, more agile and better poised for growth.