If you're in Accounts Payable, you probably realize that things aren't quite as automated and streamlined as they are in some other departments in your organization.  This is true for even the most progressive companies.  It's for good reason, too.  Controllers want to maintain control of cash going out the door.  Cash is KING in any organization!

By converting to ePayments or digital payments, an organization can expect an immediate return on investment (ROI)

If you are using your bank’s treasury services for payment processing, you are reaping the benefits of having outsourced the process.  At the same time, you are tied to that one bank...meaning you are required to hold the cash to fulfill payments in their accounts, therefore, your bank portfolio may not be as diverse. You may not be aware that there is a better way to issue payments. 

Using a payment platform that is bank-neutral – meaning it can work with any bank – is a better option. 

Accounts Payable Automation streamlines the Accounts Payable Department resulting in reduced manual processes and improved operational efficiency while reducing the overall cost associated with the department.  There are two processes and two transformations that can occur.  One is much easier than the other to implement.  

It’s 2018, most of us don’t write checks anymore and if we do, it’s a rare occasion.

Everyone has fears, whether in your personal life, at school, or at work. Sometimes people allow fear to control decisions and actions. Accounts Payable automation seems to have common myths or preconceived notions that we'd like to dispel.  

Below are 5 myths which may be holding your company back from automating Accounts Payable.