Nonprofit organizations deal with many issues on a daily basis, and top among them are handling IOUs and donations. These tasks are repetitive, labor-intensive, and time-consuming. The worst part is that there are multiple steps involved in managing invoices and donations that can overwhelm even the most organized team.

The goal of any accounts payable (AP) department is fairly straightforward: make sure incoming bills and invoices are paid on time to keep business partners happy. Trying to accomplish this manually is a daunting task that severely affects your staff’s productivity and your company’s profitability.

Companies that struggle with inefficient processes often make the mistake of throwing more people at the problem. This results in high human labor costs and errors that severely hinder your company’s performance.

Robotic process automation (RPA) tools eliminate all these issues, as a result, they’ve gained a lot of traction in the business world.

As companies grow, so does the workload for employees. Unlike large corporations with thousands of employees, small- and medium-sized businesses have limited resources and staff to deal with overwhelming workloads while maintaining their competitive edge.

A typical day for Accounts Payable (AP) department involves processing purchase orders, invoices, and other bills the company needs to pay by the end of the month. For startups, handling all this paperwork manually is manageable. But manually driven processes can hold back AP departments, especially the ones in growing businesses.

Document management leaders face a difficult situation. The work they do is highly specialized, to the point that many executives may not understand the full scope of what they do. Something like processing paper invoices feels like a massive inefficiency in the document management world, but an executive sees it as something that takes just a few minutes and not a priority to the business.

Digital transformation has been at the center of many business strategies throughout the past several years.

Managed IT services have completely transformed the ways in which businesses acquire, use and optimize their technological investments.

The past decade has yielded some of the most advanced and transformative technologies ever imagined, in turn completely revolutionizing the ways in which organizations operate and consumers behave.

Accounts payable and receivable have been among the most heavily targeted areas of the business when it comes to initial automation technology deployments.