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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.

4 Ways AP automation promotes business continuity

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.

The true cost of paper-centric document management

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.

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.

PaperSave named a Leader in AP Automation by G2

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.