The High Cost of Chasing Invoices: The Tipping Point for AP Automation in Microsoft Dynamics GP

Paper invoices are one of the last remaining vestiges of the pre-electronic economy. Moving from hand to hand, distracting people from revenue producing work…and costing organizations dearly.

While Accounts Payable (AP) automation has been available to companies for at least a decade, statistics show that most companies still use manual processes (some even print out emailed invoices to submit through the manual process). But momentum is building as companies look for ways to sustain productivity gains.

These companies have found the tipping point that clearly justifies the decision to replace the time consuming activities that result from uncontrolled payable processes. Much more than just going paperless, these companies have decided it’s time to get proactive with payables management.

The combination of actual costs and inefficiencies is different for each company. The number of invoices processed each day, geographic dispersion of your offices and the quantity of vendors you use are just a few of the factors that will impact your evaluation. Read on to make sure you are considering all of the factors that determine your tipping point.

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