Page 8 - GS220401
P. 8

ReadersSpeak





                    Now is the time to digitize AP processes    "It's important for tech-forward businesses to assess how
                                                                they can be more effective for their customers, employees
                                 e wish to thank Darin          and  vendors,  and  it  makes  sense  for  them  to  embrace
                                 Horrocks, executive vice pres-  innovation in their AP department. With AP automation,
                                 ident of business payments at   employees can focus on critical projects that contribute
                    W REPAY, for the following per-             to revenue growth, instead of spending their whole day
        spective  on digitizing  accounts  payable (AP) processes:   sending physical checks.
        "The past few years have seen increased digitization and
        automation of business processes as a means to increase   "AP automation also enables you to have the data and
        productivity and expand operations. And this accelerated   reporting to ensure that exceptions are properly managed,
        through the pandemic, as companies needed to operate    with the ability to retry payments if necessary. With a
        under new protocols and provide services in new ways.   comprehensive  AP  solution,  businesses  will  have  access
        As companies began investing in different technologies   to all transactional data, including when and through
        and embracing digital payments, one area seemed slow    what  method payments  were made. These  valuable
        to digitize: the AP department, where continued send-   insights make it easier to manage outbound payments
        ing of physical checks to partners and vendors strained   and understand vendors' payment preferences, ultimately
        resources.                                              creating a better overall relationship. AP automation has
                                                                company-wide positive impacts, and there's no better time
        "Whether you send five or 500 checks to vendors and sup-  than now to consider your options."
        pliers each month, you're likely wasting resources on mail-
        ing those checks. With an automated AP solution, busi-  Automation in your business
        nesses can pay their partners quickly and safely through   Have you digitized your AP department or other areas of
        their preferred payment methods, adding another layer of   your business recently? Let us know your thoughts on this
        convenience. With manual payments eliminated, employ-   and other ways to use technology to improve efficiencies
        ees responsible for processing payments can devote time   and quality of service at greensheet@greensheet.com.
        to projects that help drive further growth across the busi-
        ness.
   3   4   5   6   7   8   9   10   11   12   13