No matter our career path or industry, we all have massive undertakings and side projects that prevent us from completing our normal, daily tasks. For those in the accounts payable space, it’s easy to say, “We’ve got a lot of irons in the fire right now, but this is definitely something we’d like to do eventually — maybe next year!” It’s tempting to hold off on implementing an AP automation solution until after that next big project, but let’s face it: you are always going to have a big project on the horizon. It doesn’t matter what time of year it is, or what you’ve got going on — you will always be busy.
When you do finally automate, however, those projects will be less labor-intensive, because you will have implemented an efficient process as the foundation of your AP department. Automation eliminates all of those manual, time-consuming tasks, and that means your other duties are much easier to achieve.
So, what are some of the signs that you should be looking for in your organization that are indicators that it’s time to automate?
- Invoice Volume Has Increased Because of Company Growth
- A Veteran AP Employee is Retiring
- Your Last Audit was Painful
- Your Organization Has Been a Victim of Fraud
- Your Internal Controls Aren’t Up to Par