I have written about Accounts Payable Automation and Document Management, but I have never written about the two in a head-to-head comparison. I often get a lot of questions from people wondering what the differences really are, and how to select the write solution. So, I decided to write this blog to assist in differentiating the two.
Last week I was sitting on the beaches of Key West, Florida enjoying a tropical beverage, and had a pang of responsibility that traveled all the way from Charlotte, NC to remind me that work would be resuming this week. I really tried to let my out-of-office message do its job, but I found my finger on the email icon on my iPhone faster than I’d found my way to the Tiki lounge that afternoon.
I've made it no secret that I work with a lot of companies in the middle market. I've traveled across the country speaking at any event that has an audience suited for AP Automation, and my take away from all of this traveling is that most large companies are already automated. Therefore, attention has turned to mid-market companies (it’s about time!).
If your property management group is headquartered in New York, but has properties in New Castle, New Rochelle, and Newburgh… it’s really nothing new. A common theme for property management groups is that their portfolio tends to be decentralized.
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.