You may think that using paper for business is a thing of the past. After all, businesses of old primarily used paper to disseminate information company-wide and to communicate with stakeholders. For instance, it was not uncommon for businesses to correspond with their partners via snail mail.
As the holidays approach, managing your accounts payable (AP) process will become harder for your AP team. One of the most effective ways to make the coming months less stressful for them is by investing in technologies designed to lighten their workload, like AP automation solutions.
You never know when a natural calamity, cyberattack, or some other kind of disaster will interrupt your organization’s operations, so you must always be ready with measures that ensure business continuity. Adopting technologies that promote resilience, such as accounts payable (AP) automation, is a crucial step in achieving this goal.
If you’re still printing out paper documents and storing them in bulky file cabinets, then you should consider investing in a document management system (DMS) instead. Not only are traditional, paper-centric document management processes inconvenient and unsecure, but they also cost a lot of money to execute and maintain.
In business, it’s crucial that you establish and maintain a good relationship not just with your customers, but also with your vendors. Besides time-tested habits like being honest and communicating effectively, new technologies that enhance the efficiency and accuracy of your transactions, such as accounts payable (AP) automation, can also help get your business on your suppliers’ good side.
G2 — one of the world’s leading peer-to-peer review sites — aggregates feedback from its community and other online sources, to determine the top business solutions in the market. PaperSave has consistently placed highly in G2’s rankings. Over the years, we have received multiple accolades that recognized not only our solutions’ extensive capabilities, but also their ability to address our customers’ needs.
The benefits of investing in new technology are long-term and often immediate. If you invest in an accounts payable (AP) automation solution like PaperSave, for instance, your Florida-based company will see several quick improvements.
1. More accurate invoice processing
Traditional, paper-based invoice processing requires plenty of human input, especially in encoding and recording data.
Did you know that consumers are more likely to buy from companies that they perceive to have a positive impact on society and the environment? This means that if you want to boost your reputation and revenue, caring for nature should be part of your business strategy.
You can never go wrong with boosting your workforce’s productivity. There are different ways to do so and it’s okay to be creative. An effective approach is to invest in technologies that take repetitive and time-consuming steps off your staff’s plate.
Many companies are turning to accounts payable (AP) automation solutions like PaperSave to streamline their invoice and document management processes. If you’re on the fence on whether or not you should follow suit, you can start by looking into your company’s needs.
