After generations of
tedious manual processing, AP departments around the world transitioned to
convenient AP automation. Sending invoices, approvals, updates, and more are
all done automatically rather than using human resources. An increasing number
of employees are working part-time or full-time at home, and AP automation is
making it more accessible. Discover seven reasons AP automation and remote work
go hand-in-hand.
Access Anywhere
When the AP
department handles invoice processing manually, everyone must be present in the
office environment to complete their work. With AP automation, people can work from anywhere
on the globe. Whether a member of the C-suite is traveling internationally for
business or a clerk is working from home, invoice approval is accessible using
any mobile device.
Work Anytime
All staff members
need to process vendors, and invoices is an Internet connection. Employees can
work from a smartphone, tablet, laptop, or computer, depending on their
preferences and location. Instead of waiting days or weeks for invoice
approvals and other updates, financial data is accessible in real-time. As a
result, team members can work anytime, which is particularly important for
international companies.
Hassle-Free Invoice
Approvals
Invoice approvals
once took days or weeks to complete. An invoice might remain on a desk for days
before being approved manually. With AP automation, approvals take just seconds.
Remote workers on-the-go can approve invoices to keep everything moving forward
smoothly. This level of efficiency helps reduce late payments and enables the
AP team to take advantage of money-saving discounts for early payment.
Improved Visibility
With AP automation,
pertinent financial data is updated in real-time. Remote workers have access to
the same updates as people in the office. The C-suite and financial team
instantly have relevant data at their fingertips to help fuel future business
decisions. As a result, the AP team has emerged from the back office and become
an integral part of helping management improve the bottom line.
Reduce Errors
Manual work leaves room for inevitable human errors. AP automation touchless handles many routine tasks, eliminating mistakes that may occur due to manual entry. With fewer errors, remote work is easy to perform because there are no questions or issues causing delays in processing.
Improve Organization
Maintaining physical files takes time, human labor, and physical space. Using installed software requires manually updating the system as needed. Cloud AP automation is the ultimate way to improve organization in the financial department. Eliminate paper and have everything readily available in seconds with just a few clicks.
Increase Flexibility
When workers need to access physical files to perform their jobs, they must be present at the office to get them. Having the accounts payable files on the cloud means remote work can be done anytime. From the C-suite to new hires, workers gain the added benefit of flexibility. And, this helps companies attract top talent that is starting to expect a remote work option as part of a robust employee benefits package.
As companies continue
to adopt cutting-edge AP automation, remote work is becoming a reality rather
than a concept. People are working from mobile devices as they take care of
other business in their lives. As this becomes the norm, automation and remote
work will make it possible.