Know that a low percentage of companies have not automated Accounts Payable. Also knowing that when making a decision to automate the current paper process is “not so bad” answering “why” can seem impossible.
It is not. There are two numbers that will give you the answer you are looking for.
1. Return on Investment – this is the number that will show you that there is a positive return on investing money in automation technology. If this number is a positive number than automating Account Payable makes good business sense.
2. New Time – this is the amount of time that is freed up by automation. If this is a positive number than automating Accounts Payable is a good idea.