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The Invoice-to-Pay Problem
Many finance professionals are under pressure from management to update their AP department to improve accuracy and handle increased workflow. Too often, AP departments struggle with one or more of the following inefficiencies:
- Failure to take advantage of early pay discounts
- Human keying errors
- Determining who gets the invoice first
- Lost invoices
- Small AP staff
- High management expectations
Sound familiar? To address these common issues, Mary Schaeffer, president of AP Now, joins Ernie Humphrey, Educational Programs Leader at Proformative, for a webinar sponsored by MineralTree on Efficiency Problems that Plague the Invoice-to-Pay Process.
The webinar tackles tough questions like: What causes the most problems in the invoice handling process? Is automation really the answer? Are you ready for AP automation? Listen in to learn what common problems face AP departments today. Here are some of the highlights:
When we polled the Proformative audience on “What is management most concerned about in regards to AP?” A whopping 52 percent replied “Reducing the time it takes to process an invoice.”
Automation eliminates the need to key in invoice detail and print invoices and reduces errors associated with manual data entry to save time and money. AP automation can reduce the time spent on processing and paying vendors by more than 70 percent.
Ready For AP Automation?
To watch the full webinar online, and/or download the PowerPoint presentation, click here. Still want more? Check out our whitepaper, “Why You Need to Consider Automating Accounts Payable” online.
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