How to get buy-in for AP automation in your business
If you’re considering implementing AP automation in your business, you’ll need to secure buy-in from key stakeholders. Introducing automation won’t just impact the accounts payable department, it will also impact roles such as IT, procurement, management, and the CFO.
Each stakeholder, or group of stakeholders, will have their own questions and potential concerns when it comes to AP automation. To overcome them, you must identify the issues, and explain how automation will benefit their areas of the business.
What is the ROI of AP Automation?
When deciding whether to implement an accounts payable automation system, it’s important to consider the ROI.
In reality, calculating the ROI of AP automation isn’t always straightforward. This is because it impacts so many different areas of a business, and the savings compound as volumes increase.
When calculating the ROI of AP automation, there are a number of points to consider, including both financial and non-financial benefits.