Summary
A good ECM solution for accounts payable (AP) should mirror the most effective elements of your AP process while eliminating the most tedious. Automated workflow, for example, can be designed to reflect and optimize your current business rules for invoice approval, routing invoices to appropriate managers and kicking off related business tasks. The resulting process improvements can reduce cycle times and create measurable benefits. For example, automated workflow enabled one multi-billion-dollar communications company to save more than $13 million in less than one year by enabling its AP shared-services group to consistently take advantage of early payment discounts.
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Ecm for Accounts Payable: It Pays-Faster!
Why would I want to pay my bills faster? That's the question some people ask when we talk about the value of using ECM software, such as document imaging and workflow, to streamline accounts payable (AP) processes. Maybe the better question is: What is it costing me to continue business as usual? According t...
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