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What Does Automation Mean to You?
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Accounts payable automation is a broad term that tends to lose meaning the more it's used, but generally refers to technology that reduces paper invoice and check handling. Imaging, workflow, electronic invoicing and payments all fit under this umbrella.
While most organizations would love to implement all available technologies, the cost and complexity can be challenging. This issue features information to help you get closer to the dream of paperless payables.
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| Patrick Harbin – Editor
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Moving to Paperless Payables |
Before implementing any AP automation technology, there is considerable upfront work. Many organizations assume that a new technology will fix a broken process. However, you must first get your house in order and fix your as-is processes before automating them. Some first steps to take include:
- Identifying process errors that impact daily business and slow down productivity
- Assessing the amount of money currently spent on creating, processing, handling, and delivering business documents
- Determining how much traditional mail and manual fax limit profitability
If your organization is serious about taking the paper out of AP, be sure to check out The Accounts Payable Network's audio conference recording, Pave the Way to Paperless AP With Imaging and Automated Workflow, featuring Judy Bicking, Former Global Director, Accounts Payable European Project, Johnson & Johnson.
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What AP Automation is Really Worth |
Many AP technologies have benefits that can extend into other departments. See What AP Automation is Really Worth on TAPC.
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Just for Fun! |
After intense scientific study, researchers have come to the conclusion that dogs are roughly as intelligent as 2-year-old children – at least when it comes to finding a hidden snack.
A group of Hungarian researchers completed a study to compare a dog's ability to read body language to that of a child's. See
Pooches Sometimes Miss the Point.
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