Best Practices
3 Foundational Pillars of AP Automation Success
Here are key foundational pillars or accounts payable automation success that is introduced with the right tool in place.
[Music] hey everyone mark brousseau here when it comes to jenga my uncle ken can't be beat one day i asked him the secret to his success and he told me it's all about ensuring you have a solid foundation now while that pearl of wisdom may not win you the jenga international championship it will serve you well when shopping for an accounts payable automation solution if you choose a solution that provides a solid foundation you can be sure that it will meet your needs today and into the future there's three attributes you ought to look for to ensure that accounts payable automation solution will provide the foundation you need first is it digital can it aggregate all paper and electronic invoices onto a single platform for standardized processing over time your goal should be to digitize all of the invoices that you receive second is it data driven can it extract the data automatically from invoices and validate it against information in your erp and can it upload that data directly into your erp without the need for human operator intervention and third is it strategic does it make use of the vast amount of data that flows through your accounts payable department so you can use it to optimize working capital more tightly manage corporate spending and know where things stand in your operations well a solution that's digital data driven and strategic might not win you the international jenga championship it will ensure that your accounts payable solution will meet your needs today and into the future