Automation completely changed their daily operations, and it struck me when Chip said, “You can’t even assign a value to the efficiency.” I have a great relationship with the CFO here at AvidXchange, and I know that the words, “You can’t even assign a value to (insert any noun you like)”, don’t escape her mouth often.
Growth is great. It means more revenue, more employees, and more opportunities. However, along with growth come growing pains. A typical growing pain for most companies is having to switch accounting systems to keep up with the additional volume of invoices and complexities of your business.
Last week we covered the first 5 terrible pieces of AP automation advice you should ignore. This week we share the next 10 with you.
Being the parent of four (with a teenager) I was somewhat hesitant to write an article about ignoring anything. However, after more than ten years in the Accounts Payable automation world, I’ve learned that there are some things that you just shouldn’t listen to.
There are 15 in total, but this week I’ll get started with the first 5.
1. Hurry, time is running out. There may be pressure within your organization to make a decision quickly about a service provider once you’ve determined that you want to automate your AP processes.
You may look at Accounts Payable and Payment Automation the same way that most people look at the latest diet craze, and you may immediately think, “How is this possible? And if it’s really that easy, why isn’t everyone doing it?” Well, we have a 45-day plan that keeps the paper weight off for good, and it’s easier than you think.