The 7.5 Things I Wish I'd Known About AP Automation

Chris Elmore – Author & Automation Expert

1)Time Allocation 2)Real Savings 3)References 4)Cloud – Yes or No? 5)Accounting System 6)Communication 7)The Advocate 7.5) You Will Have to Wait…

What Would You Have Done Differently?

Before AP Automation

After AP Automation

Time Allocation

Hours = Invoices = 40 Hours Per Week

9 Things You Can Do With New Time 1)Grow Your Business Without Adding Staff 2)New System Administration 3)Reduce Headcount 4)Centralize Accounting 5)Negotiate Vendor Discounts 6)Negotiate Contract Pricing 7)Increase Internal Controls 8)Accounts Receivable 9)Your Employees Can Do Their Intended Jobs

Accounting System Change

 Know your service provider  Make sure your service provider is secure  Your accounting system must remain the system of record  Your accounting system runs the show  Only run 1 system

It’s the boss Don’t create competition Stick to automation System of Record

Check References

Both Kinds

Check References Kind 1 = Service Provider Reference

How often do you…? Are you compensated? Do you directly use the solution?

Check References Kind 2 = Real Reference

Do you like software? On time? On budget?

Real Savings

ROI Tangible – Intangible Number of Touches

Return on Investment (New – Old) x Over Time = ROI No Check Headcount Reduction

Cloud VS. No Cloud Yes or No?

Cloud VS. No Cloud Know Your Cloud Know Your SP (Implementation) Know Your Company (Complexity) Know Your Users Yes or No?

Difference s

Self-Hosted More Control Customization More Maintenance Have To Pay The Price

Cloud No Maintenance Higher Security Costs Less Mobility

Top Down – Middle Up?

Top-Down Free People Up Intended Job Skills

Middle Up Free People Up Intended Job Skills

An Advocate

What Is It? Not Just 1 R-E-S-P-E-C-T Change Agent Loves Automation!

The Wait Is Over

SoftwareImpact

Free AP Efficiency Assessment Haley at to request your free