Why you should reduce reliance on paper-based AP processes

Good document organization is vital to your business’s productivity. If your company is not properly organized, paperwork can be misplaced, tasks can pile up, and you can lose valuable time that could’ve been used for more productive tasks.

The problem with paper-based processes
Despite the availability of digital solutions such as accounts payable (AP) automation, many businesses still rely on paper-based processes.

Comparing paper-based and paperless invoice processing

Electronic invoices are superior to traditional paper invoices in many ways. They improve the speed and security of your invoice management process and are much cheaper to use than their paper-based counterparts. To give you a better understanding of the benefits of paperless invoice processing, this blog will discuss the solution and how it compares with using paper documents.

How AP automation improves B2B payments

Accounts payable (AP) processes have always involved manual processes such as invoice and document encoding. These not only take a lot of time to finish, but they are also highly prone to errors. The good news is that businesses can take advantage of today's technology to streamline repetitive and tedious tasks, such as B2B payments.

Building vendor trust with AP automation

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.

5 Quick benefits of AP automation

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.