|In today’s digital age, businesses are constantly looking for ways to streamline their operations and save costs. One such solution is the adoption of Accounts Payable (AP) automation, which can help companies reduce manual processes and improve efficiency. Here is an example of how a Property Management Company benefited from our AP Automation Software.|
OVERVIEW: Property Management Company
APPROACH: Looking for a solution that would help them capture invoices, and extract data by eliminating the middle workflow piece. Also, allow approvals in their property management software system.
– A reduction in manual data entry that saved time and reduced the risk of errors and improved accuracy.
– Resulting in improved efficiency Reduced costs
– Increased accuracy
– Reduce the time spent on AP processes by 50%, allowing staff to focus on other critical tasks.
– Reduced the risk of errors and duplicate payments, resulting in savings of over $100,000 per year.
RESULT: By implementing the AP Automation Software they were able to set up to automatically capture invoices as they were received via email or mail. The invoices were then automatically routed to the appropriate approver for review and approval. By automating their AP processes, they were able to save time, reduce errors, and improve efficiency.
HOW: Contact CP Digital Office Solutions to learn how to harness the power of AI in your AP processing.