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Automation: The New Normal
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Not long ago, accounts payable automation was the exception to the rule. Fortunately, a majority of organizations today have at least some AP automation in place, with many businesses calling themselves medium or highly automated.
This issue features information about AP automation, including an analysis of automation trends during the last three years and reasons why you should integrate electronic invoices into your procure-to-pay process.
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| Patrick Harbin – Editor
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Automation Trends |
During the past three years, The Accounts Payable Network has asked departments to identify their organization's level of automation. How has the automation landscape changed in three years?
See AP Automation on the Rise on TAPC.
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e-Invoicing and P2P |
Electronic invoicing is an essential ingredient in a successful procure-to-payment technology implementation. Integrating e-invoices alongside automated workflow and electronic payments can help your organization:
- Reduce headcount: e-Invoices can eliminate the need for FTEs previously assigned to scanning and keying.
- Cut processing costs: e-Invoicing can reduce costs by $5 per invoice, according to one source.
- Capture early-payment discounts: Processing invoices quickly allows businesses to enforce discounts negotiated by procurement.
Sign up for TAPC's upcoming no-cost webinar, Top 10 Reasons e-Invoicing + Invoice Automation = the #1 Global Best Practice for AP, featuring David Hay, AP best practice consultant, and Richard Anderson, Western Territory Manager, Basware, Inc. The session earns 1 CEU.
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Just for Fun! |
An Indiana woman woke up from dental surgery to find she had a Scottish accent. Turns out she has a very real – albeit strange – medical condition. See What Is Foreign Accent Syndrome?
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