May 05, 2016
Reason #6: Scalability
Companies that succeed in achieving operational excellence have a good chance of generating more revenue, generating more profits and growing their business. That means more vendors, more purchases and more work for accounts payable. With automated AP processes in place, organizations aren’t faced with the dilemma of adding headcount of finding a long-term solution that supports growth.
Mergers and acquisitions, expansion into new markets, organic growth are just some of the scenarios that can stress manual AP processes and potentially create growing pains for companies who are otherwise poised to get to the next level. AP automation eliminates bottlenecks and restrictions on internal manual processes so that companies can accelerate growth and achieve their full potential.