Manual accounts payable processes, such as contract compliance, processing invoices, vendor management and spend control, can be time-consuming, prone to human error and extremely costly for organizations.
All organizations are faced with the challenge of managing risk and in today’s climate, risk exists as the number one factor for organizations in driving change.
Remote working has highlighted a lack of control and visibility that exists with manual AP processes and this is leading to organizations accelerating their digital transformation as they come to realize the benefits of adopting technologies for now and in preparation for a post-Covid world.
According to The Hackett Group, cost reduction through automation is the No.1 initiative on the finance transformation agenda in 2021.
That being said, the risk of doing nothing is still the biggest challenge that all organizations face.
Download our webcast were we discuss the common challenges faced by AP teams in reducing costs and how SoftCo’s ExpressAP automation solution rapidly addresses such challenges.
In this episode, Susan speaks with Jamie Radford, Founder of the AP Association, to discuss how AP Automation has transformed the AP Department from a backoffice function into the backbone of an organization's Finance Department. Read more
In this webinar, SoftCo's Joel Streightiff and Adam McDonagh demonstrate our new AP automation solution, SoftCo ExpressAP. Read more
What processes, technologies, and strategies are these best in class organizations adopting? In this webinar, Garret Pearse and Michael Cullen of SoftCo discuss the current state of procurement and trends that you will need to master to ensure success in 2018. Read more
Are you struggling to control spend in your business? Too many unapproved suppliers, inadequate budget controls and poor segregation of duties? If this sounds familiar, it’s time to take back control!
How AI is Transforming Accounts Payable