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•Guest Column: TransformYour AP Department: Be An Agent Of Change In A Critical Economy

By Samuel Schrage

With automation, a school district in Ohio has cut labor costs by the millions. An energy company was able save $240,000 in annual labor costs – and cut their processing cycle from 22 to just three days. A distribution company has nearly tripled the number of invoices processed each day per operator, from 250 to more than 700. And an international manufacturer is now able to process an increased invoice volume of more than 65 percent – without any additional staff.

No doubt your company, just like many others in today's economy, is looking for ways to cut costs without sacrificing productivity. Consider that hundreds of organizations just like yours have implemented automated data capture in their AP departments and realized dramatic results. Historically, the typicalAP process has been heavily dependent on a series of paper-based, time-consuming manual tasks. And while other areas of the company may have been transformed by automation – replacing manual processes – traditionally the AP department is the last to be automated. However, in the current economic environment, we should re-think the "way we've always done it" and remember that some traditions are made to be broken.

Click Here To Download:
•Guest Column: TransformYour AP Department: Be An Agent Of Change In A Critical Economy