Paying bills are a business necessity. However, many small to medium-sized businesses lack the resources to create an electronic Accounts Payable (AP) workflow that helps conserve cash, enables staff to focus on revenue-generating activities and ensures timely payments.
How would your AP department answer the following questions:
- Can you track invoices in your system from receipt to payment?
- Do invoices go through your accounts payable department in a timely manner?
- Can you access bills quickly to verify accuracy, payment data and other critical information?
If the answer to any of these questions is “no”, or even “I don’t know”, it might be time to consider an Accounts Payable solution. With an Accounts Payable solution, you can automate all or part of the payables process, saving your company time and money.
Our partners at M-Files explain how invoice processing is one of the best ways to get started with an ECM solution, and a great way to start seeing ROI immediately.