Without efficient business processes in place, your accounts payable department is likely costing your organisation heavily. Manual or paper-based invoice and document processing are among the worst offenders.
Automation of those processes delivers quick wins as it improves your day-to-day visibility of financial status (regarding current projects, for example) and provides a better basis for business decisions. It’s about saving money, gaining control of your business processes, and recouping a significant amount of valuable time for your organisation.
Accounts payable (AP) automation with Lexmark enables better control of received and invoiced goods, automatic purchase order matching, optional automatic invoice posting, enhanced security, less manual work, shorter total processing time, improved data quality, decreased total cost for supplier handling and early notification of errors.
No matter where you are in your journey to accounts payable automation or how many invoices your organisation handles, Lexmark software for accounts payable automation can improve your processes. Here's how:
The Institute of Financial Operations and Lexmark launched this easy-to-use, online diagnostic tool to give financial professionals a way to gauge how mature their AP processes are.
Data entry … manual approvals … filing and storage costs … “lost” invoices. Inefficiency in AP is costing your organisation, but exactly how much? Find out in minutes how AP automation might pay off for your organisation with this AP Business Value Calculator.
Selling Your Technology Project to Executives explains how to calculate the total value of your project to your organisation. The report also includes a presentation outline and follow-up strategies.
We’re ready to talk AP Automation whenever you are. Contact us to find out more about Lexmark software for AP automation.