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Published byAlisha Warren Modified over 8 years ago
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The 7.5 Things I Wish I'd Known About AP Automation
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Chris Elmore – Author & Automation Expert
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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…
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What Would You Have Done Differently?
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Before AP Automation
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After AP Automation
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Time Allocation
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Hours = 8500 1500 Invoices = 40 Hours Per Week
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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
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Accounting System Change
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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
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It’s the boss Don’t create competition Stick to automation System of Record
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Check References
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Both Kinds
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Check References Kind 1 = Service Provider Reference
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How often do you…? Are you compensated? Do you directly use the solution?
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Check References Kind 2 = Real Reference
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Do you like software? On time? On budget?
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Real Savings
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ROI Tangible – Intangible Number of Touches
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Return on Investment (New – Old) x Over Time = ROI No Check Headcount Reduction
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Cloud VS. No Cloud Yes or No?
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Cloud VS. No Cloud Know Your Cloud Know Your SP (Implementation) Know Your Company (Complexity) Know Your Users Yes or No?
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Difference s
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Self-Hosted More Control Customization More Maintenance Have To Pay The Price
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Cloud No Maintenance Higher Security Costs Less Mobility
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Top Down – Middle Up?
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Top-Down Free People Up Intended Job Skills
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Middle Up Free People Up Intended Job Skills
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An Advocate
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What Is It? Not Just 1 R-E-S-P-E-C-T Change Agent Loves Automation!
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The Wait Is Over
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SoftwareImpact
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Free AP Efficiency Assessment Email Haley at hmartin@avidxchange.com to request your free copy.hmartin@avidxchange.com
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