Top 5 Reasons to Automate Accounts Payable
Top 5 Reasons to Automate Accounts Payable
Remember back in elementary school when you had to pick a partner to work within math class? You always hoped the smart kid wanted to be your partner (we can dream right?!). Or maybe you were the smart kid and everyone fought to be with you because they knew they’d get an A with you on their team. Either way, pairing up with a team is a great way to look at numbers and gather insights overall. One extra set of eyes to catch the mistakes. Help guarantee that A.
We’re carrying over our elementary school insights and teamwork approach to carry us into our newest offering…. Coming soon!
Our team has been gathering statistics and learning about the industry averages for a month now. We’ve hand-selected clients to help us learn and grow our automated solutions to be the best it can be for small to medium-sized companies. Both of functionality and price.
Here at Dash, we’ve heard you loud and clear. You’ve told us that you’re looking for a solution to automate accounts payable from start to finish. Help you decrease errors. Automate data entry so your teams can focus on more valuable tasks. Assist your teams in communicating better across remote multiple locations.
We’ve got you!
Here are a few reasons you’ll love our new software solution!
#1 = You are processing over 5,000+ invoices annually!
Have you ever sat down and added up how many invoices your team processes a year? Take a quick look at that number and the larger this number is, the greater the reason to automate. Just think of your data accuracy increasing because the tool built on Artificial Intelligence (A.I.) is so good!
#2 = Your labor costs over $30+ an hour!
Data entry and paper tracking can easily cost over $30 an hour (including wages and overhead)! Considering over 90% of your invoices are predictable fields and forms, just think of all the hours you can save with A.I. software that can automate much of that! Imagine what your team can do with their strengths if they don’t have to do data entry!
#3 = It takes over 5 mins to process each invoice!
Tracking how long it takes to process each invoice your company receives? The average we’re hearing is at least 5 minutes per invoice (to gather paper and enter the invoice). This could be time that your people could be focused on more valuable work at your organization. Just think, your team can be completing new and exciting tasks at your company! Tasks that drive the bottom line directly.
#4 = It costs you more every year to process invoices!
Adding up all the hours and number of invoices, it’s no wonder that processing invoices can easily cost many companies over $30,000 a year! When you can automate this process. Just think of the instant cost savings! Removing these mundane, repetitive tasks from the team’s list of to-do’s and incorporating more valuable projects and tasks!
#5 = A big ROI immediately!
A good return on your investment is important! We can help you do this! A recent study of ERP users indicates that most could easily achieve a 150% ROI, or more every year! That’s a BIG number that this new AP Robot can help you achieve. No cash upfront. Simple setup & training often takes an hour, equaling instant savings. This software can be integrated with your Dash DDX Document Management system or used stand-alone.
Want to know what your ROI would be with the AP Robot? Fill out this quick form and we’ll send you your numbers!
Why are we different…
#1 Easy to use
Good software just works. It has a purpose, and it just does its job. That’s what we do. Our AP Robot is easy to install, configure and use. No complicated setup or training is needed. If you already know how to enter invoices, or even if you don’t, this is a breeze.
#2 Fast ROI
Go live in hours, not weeks or months. This approach allows us to cater to a much greater range of companies – including smaller ones that have tried but been unable to cost-justify an AP Automation solution. It doesn’t matter whether you’re processing less than 500 invoices per month or thousands. You’ll get a quick return and almost immediate benefit.
About the Author:
Stephanie is the marketing guru at Dash. For over 20 years, Dash has been authoring, delivering, and supporting Dash DDX™, its ERP-integrated Document Automation software to small and mid-sized manufacturing and distribution companies throughout the USA and beyond.