button image Register Today button image button image Login button image
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
nav graphic
All News | Search Brief Archives | Regulatory Alerts | AP Benchmarks | AP Department Compensation | AP Technology | AP Department Management | Career Development | P-Cards | Unclaimed Property | Master Vendor File | Form 1099 | Sales & Use Tax | T & E | Internal Controls | Imaging | e-Invoicing
 

Figure Costs Before Automating

Before automating an AP process, whether it be invoices, payments, or expense reports, one of the most important things to do first is to figure out the current cost of whatever it is you want to automate. There is simply no way to determine whether you can save money with any automation solution unless you know your current cost. Depending on the size of the department, calculating costs can range from extremely simple (AP salaries and benefits divided by number of items processed) to quite complex.

Comments (0) | Login to Leave a Comment | Email to a Colleague | Print this Article | Add to Favorites