While automation may be the future, not everyone is on board. The word has both positive and negative connotations – positive in the sense that automation saves time and money and increases productivity; negative in the sense that more jobs are now being done by machines. Accounts payable is an increasingly automated field, which begs the question – if we can automate our AP processes, do we still need accountants?
As it turns out, the answer is yes. AP automation will change an accountant’s job rather than eliminating it.
For example, ExpenseAnywhere automates the corporate spend management process from start to finish through travel and expense management, procure-to-pay management, and prepaid card / purchase card management. Normally an accountant would have to perform all these tasks manually, filling out a mountain of paperwork and keying data into several different systems by hand. Not only is this process tedious, it’s inefficient, expensive, and prone to fraud and abuse. How can accountants focus on growing the company’s bottom line if all their time is taken up by manual processes? It can’t be done.
On the other hand, a company that automates their Accounts Payable doesn’t have those issues. Instead of getting caught up in manual processes, accountants using automation now have the time and energy to provide personalized consulting. They also have more time for data analysis and working directly with clients. The same is true for any field that adopts automation.
So no, financial automation tools like ExpenseAnywhere won’t eliminate jobs – it will revolutionize them. To learn more about how ExpenseAnywhere can transform your business, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.
