Earlier in 2016, we wrote about how employees are enjoying the benefits of telecommuting thanks to advances in cloud computing and mobile technology.
Cloud computing is the delivery of on-demand computing resources — everything from applications to data centers — over the Internet. With cloud-based applications, also known as Software as a Service (SaaS), employees can access all data and applications from anywhere, anytime, using any device.
Even with the recent advancements in technology, many AP departments are still operating in paper-based environments. This becomes challenging around the holidays when many people take their vacations. You might be flying to see your family or simply at home preparing to host your family holiday party, but nonetheless out of the office. Whatever the situation, you still need control over your AP process and visibility into your invoices and payments. With a paper-based process, how can you be expected to do anything when all of the invoices and purchase orders are locked away in a filing cabinet in your office?
This is where automation comes into play. AvidXchange’s AP and payment automation solution can be used anytime you’re out of the office. With an automated process, you could be approving invoices through your portal while sitting in the airport or decorating your house…not that we would recommend working on vacation, but you’re used to putting out these kinds of fires, aren’t you?
Even if you’re in the office, the automated process grants you greater insight and visibility into the process than you could ever dream of with all that paper. You’ll have real-time metrics that can point to the financial health of your organization and help you prepare for the future.
By automating your AP department, you could spend more time doing value-added tasks, such as pursuing rebates, qualifying for early payment discounts or, you know, important things like spending time with your family!
In our 15-page eBook, Tech Savvy Buyer’s Guide to AP Automation For Finance Professionals, we’ll cover how automating your AP and payment processes eliminates paper invoices and checks from your organization, reduces processing costs and impacts every level of your organization. To download this free eBook, click the link below!
AvidXchange is a partner of RSM. For more information about them, please visit their website or reach out to your local RSM representatives who will be able to provide you more information. You may also reach out to us at ERP@rsmus.com.
By: Brent Knowles – National NetSuite Solution Provider