Accounts Payable Automation, those can be some scary words, even to the most business savvy CEO’s! The thought can bring up many questions, fears, and doubts. Well, we’re here to help you get over your fear of Accounts Payable Automation. We’re going to give you a front row seat to the future, and why you should be automating your AP department!
Accounts Payable Automation: how can it help?
So you know the saying if something ain’t broke, don’t fix it? A lot of companies see Account Payable in this way, but the truth is that automation is not only fixing an old broken down process it’s rebuilding it stronger, better, faster! It’s Alive! (Okay, so maybe we won’t go that far) but the fact of the matter is that automating your AP department will greatly increase the speed and ease with which you do business by taking out the guesswork, and eliminating human error. Your accounts will be paid on time and be closely monitored for discounts and vendor compliance.
Automating your Accounts Payable will also give your human workers more time to analyze and monitor invoices and customer data. They will be more likely to know when an account is going to be late and take measures to rectify the problem or make their superiors aware of the issue before it gets out of hand. Alerts can be set up between your AP department and the vendor’s AR department making relations with your vendors smooth and hassle free.
Another way Accounts Payable Automation can help your company is by increasing visibility of products being received and payments going out. Each step of the process can be instantly tracked with a few swipes of a smartphone, creating ease of access and peace of mind. No calling through the grapevine, shouting down the cubicles, or post it note wars needed!
As many business aspects have started moving away from paper and more into technology Account Payable Automation is just one in a long line of improvements to the business structure. Don’t get left behind wearing shoulder pads and too much hairspray, strap a flux capacitor to your company image and embrace change by growing your business into the future!
Manage (and Automate) your Accounts Payable with Pipefy!
Pipefy’s Free Accounts Payable Template allows your company to have a centralized and integrated channel for all your payment requests – make your financial department’s life a lot easier with this simple to use, intuitive template.