Accounts Payable Automation

Accounts Payable Automation Saves Businesses Time and Money

You are handed an invoice from an employee; the document reaches your hands – slice – paper cut. This painful nuisance shall plague every hand sanitizer squirt, every soapy post-bathroom wash, everything that you do (until it heals of course). Paper can be painful, but we are here to tell you about a painless paper-cut…

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How Digital Transformation Can Benefit These 2 Key Departments

How Digital Transformation Can Benefit These 2 Key Departments By Tori Cameron on February 14, 2020 Unless you work in the content management space, there’s a fair chance you may be unfamiliar with the concept of “digital transformation”—or at least as it pertains to the management of an organization’s content. You might be tempted to…

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Automated Loan Processing Systems: What Are The Advantages?

Automated Loan Processing Systems: What Are the Advantages? By Tori Cameron on December 2, 2019 Did you know that a typical financial services employee spends 40% of their time hunting down files they need? Or that a misfiled document costs the average organization $125? The financial services industry generates millions of application forms, contracts, client…

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The Top 3 Benefits of Automating Your Accounts Payable Process

The Top 3 Benefits of Automating Your Accounts Payable Process By Tori Cameron on October 31, 2019 Accounts payable automation is nothing new, but it’s quickly becoming a must-have for many organizations. According to Aberdeen Group, AP automation can save your organization as much as $16 per invoice or more. Not only that, but invoice…

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Accounts Payable Process: Your First Steps Toward Automation

Recently, I was with our KnowledgeLake team at the APP2P Conference & Expo in Las Vegas, Nevada. In the conversations I conducted, almost everyone I spoke with was still inundated with paper invoices. What’s up with that? I thought we were trying to ‘go paperless”? But changing can be tricky within your accounts payable process.…

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6 Crucial Fails of Paper-Based Accounting

When organizations began integrating computer systems into their businesses, some experts predicted the emergence of a “paperless society.” As business and technology evolve, we see more companies striving to achieve this ‘paperless office’ — many of them by migrating to automated accounting systems. Here are the six main reasons companies move away from paper-based accounting: 1. Unorganized…

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Automate Accounts Payable Processes: 8 Reasons To Do So

What drives organizations to automate accounts payable (AP) processes? More organizations are learning traditional paper-based processes don’t make the cut anymore. This is largely based on the fact that paper and manual tasks are labor intensive and expensive. Documents are often delayed, lost or misplaced. Plus, organizations must pay employees to complete the same, repetitive,…

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