Throughout the month of May, we have shared a variety of posts on how you might build a business case for AP automation. We’ve told you how to speak your CFO’s language, how to crunch the numbers, and how to build a business case around ROI. We’ve written about why CFOs love automation (even if they don’t know it yet), and why you shouldn’t wait to automate.Read More
If you’re like me, building a business case is far easier than presenting it.Read More
If you’re reading this at your desk this Monday morning, I’m sorry.
I don’t mean to rub it in, but some employees and users of AvidXchange are just now waking up in sunny Costa Mesa, California, where they will no doubt be enjoying a great breakfast before hitting the links at Marbella Country Club.
When is the right time to automate?Read More
They say the only constant is change -- but for many in the accounts payable space change is a scary thing.Read More
We are spending this month talking about the challenges of creating a business case for AP automation. Except to us, it’s no great challenge. For the last 15 years, we’ve been extolling the benefits of automation to anyone who would listen. We could talk through the intricacies of electronic invoices and payments in our sleep.Read More
If you’ve read our recent series on building a business case for AP automation, you have already taken a major step in convincing your CFO to automate. You now know not only how automating your accounts payable process will affect your own job, but how it will affect the bottom line both now and for years to come.Read More
We’ve already talked about ways you can “speak a common language” with your CFO, but there’s one phrase we left out: return on investment, or ROI. We didn’t include it earlier because the phrase – and the concept itself – merits its own blog post.Read More
This month, we're talking about how AP managers could build a business case for AP automation. We've talked about finding the things that keep your CFO up at night; we've discussed finding common ground; and just yesterday we wrote about how critical it is to speak a common language with your CFO.
Now we're getting to the crux of the argument for automating -- the money saved. But before you can talk about cutting costs, you need to identify two kinds of savings: hard dollar and soft dollar.Read More