Believe it or not, there is a science behind AP Automation. On the surface it looks like random things pushing and pulling you in crazy directions, but it’s not true. Underneath the hood there are forces and factors at work.
On The Outside
When looking at various AP Automation service provider, people have a tendency to get confused at their similarities. The reason for this is there are only so many ways you can digitize an invoice, put that invoice into an approval process and then present that fully coded and approve invoice into the ERP or Accounting System. Service providers love to argue that their system is better, but when it comes down to it the accounts payable process is very straight forward a structure and process.
The Problem
The problem with looking at the surface and judging by the surface is you are never able to get out of the service provider where their shorting comings are. The service provider will naturally proclaim their strong points and hide their weaknesses. The problem with the problem is a lot of service provider’s sales reps wouldn’t be able to tell you a strength from a weakness because they only know their software and nothing else.
The Science
To fix this problem you have to look at the science that makes up AP Automation. The key to the science is time. In any automation project the amount of time that is freed up from current tasks is the true indication of how successful the service provider will be in helping your organization.
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