Accounts Payable automation is completely attainable, no matter how daunting a task it may seem. Recent research shows that over 50% of users say that manually processing invoices takes at least 3 days--and for some it can be up to 25 days! Surely this could be more efficient through automation, right? Absolutely!
How To Get Started
The best way to begin is by taking a look at any roadblocks you may encounter that could prevent successful automation. Typically, securing the approval for this kind of project is your first stumbling block. This can be due to a work overload, budget concerns, or even antiquated techniques that make them resistant. So, how can you overcome this and get AP automation prioritized?
Consider what their supposed reaction will be, and then consider the details of how what you're suggesting combats those concerns:
- Investigate how AP Automation can enhance the company's quarterly or annual goals
- How can this automation improve the lives of the most senior executives at the company?
- Determine the ease of integrating the AP systems with your existing systems
- Determine how quickly positive impacts will take place
- Determine how easily these impacts can be noted and recorded
Overall, there are many positives to automation that you can provide as well. Consider the major points such as faster processing times, reduction of costs and fees, and better customer satisfaction. These are all things that will benefit the entire company, and senior executives tend to respond well to that.
By showing senior executives that success, increased profit, and efficiency are on the horizon, you'll be able to garner their support and influence to successfully implement this transition. The benefits of accounts payable far outweigh the costs, and DRS can help you strategize the most effective methods to get the job done as painlessly as possible.