In 2017, Artsyl Technologies, in partnership with Paystream Advisors, surveyed back-office employees across several industries and market segments to explore the current state of accounts payable process automation—and the opportunity for innovation and added efficiency.
Be sure to bookmark and visit this page for ongoing research updates and analysis to provide the resources you need to make the business case for change, measure ROI and continue your digital transformation journey.
There’s a lot to gain from updating and automating your vendor invoice process, beyond efficiency gains from eliminating manual data entry and document handling. See what other businesses say about the technology and processes they rely on use and why it’s so important to ensure process efficiency, transparency and control.
Benchmarking your processes, establishing KPIs for monitoring and management and defining a Return on Investment (ROI) goal for your accounts payable solution is a great way to get rolling. The next step is to secure executive buy-in and get budget approval for your project.
Read the Artsyl/Paystream Advisor Report “Pitching ROI for Accounts Payable” Report to learn how to align the ROI and value of AP automation with the goals and priorities of your executive team.
While automating accounts payable invoice processing can lower costs and increase scalability for AP teams, the strategic value of automating paper-based invoice processing is more timely access to business data and greater visibility and control over financial KPIs.
Read the CIO Review Profile of Artsyl Technologies to discover why CIOs view intelligent capture and AP automation as solutions that are critical to corporate performance.
According to Paystream Advisors, vendor invoice automation remains one of the least automated financial processes in most organizations. Watch this video to learn how quickly and easily companies can boost efficiency and process visibility to achieve ROI in as little as 6 months.
If you’re ready to explore the benefits of an accounts payable automation solution for your organization, contact your Artsyl account executive and schedule a discovery call. Whether you have an existing accounts payable system that can be leveraged as part of a fully automated process, or you want to explore a completely new set of tools to manage your AP process, Artsyl can recommend the systems, components and integrations you need to eliminate process bottlenecks, improve process control and visibility and help you boost your return on investment from the data and document systems you rely on today.
We can help you to map out your existing processes and identify opportunities to boost efficiency before you explore automation. We can help you to define KPIs and goals for process automation to help you make the best business case for automation. And we can work with you to define an implementation timeline to get you up and running quickly to recap your investment.