Accounts payables (AP) is responsible for making sure the company’s bills are paid on a time. An organised accounts payables process ensures that invoices are tracked and paid properly, as well as avoiding missing payments or making a payment more than once.
The repetitive nature of AP leaves it prone to mistakes. Automation is proven to avoid costly mistakes by bringing together people, processes, and solutions. However, automating accounts can be a daunting project.
Whether you are removing process bottlenecks or reducing invoicing processing costs, you need a plan to help you navigate your implementation.
This Kofax How-to-Guide provides a 7-step plan and checklist to help you determine how to:
- Choose your scope: Will you take a customisation, out-of-the-box or hybrid approach?
- Select an effective team: Gather experts in their respective domain such as IT technician, shared services manager, and finance director
- Manage change and track progress: Get buy-in from procurement, IT, AP, customer service and management
Click on the link and begin your journey to a more headache-free accounts payables process. Get your copy of the How-to-Guide for Your AP Automation Plan eBook and discover the pathway to greater productivity.