Investing in the right technology can help you overcome the limitations of your small business and achieve the same high-quality outcomes enjoyed by much bigger companies. Accounts payable (AP) automation solutions, such as PaperSave, are a good example of a technology that does this.
Have you adopted the cloud yet? Cloud computing remains among the best technologies you can leverage to save money and make your small- to medium-sized business (SMB) more efficient. One specific and critical area in which the cloud can be a game-changer, especially for SMBs, is invoice management.
Any accountant can attest to the tediousness of certain accounts payable (AP) processes. And yet, some companies today still perform AP processes like invoice and document encoding manually. While they may think that their old AP systems are working just fine, they may not realize that they are losing money and supplier trust because of these.
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.
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.
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.
Everyone these days is trying to automate as much as they can. It saves time and effort and streamlines work processes, freeing you and your team to work on problems that need real human ingenuity.
But many small- and medium-sized nonprofits still think affordable automation solutions are out of their reach, technically and fiscally — that advanced automation is only for big players.
Before the rise of mobile devices, field data collection was a tricky task that required numerous different resources. Companies would have to install monitoring and service equipment out in the field, while remote workers would often have to write things down by hand.