If current conditions have taught us anything, it’s that the definition of “normal” is always changing. A few months ago no one could have predicted that so many people would be working remotely, or that so many facets of life would change. And just when we think we’ve figured everything out, things change again. Here in Pennsylvania, Gov. Wolf announced a plan to reopen the state in three phases. Several other states are in the process of easing restrictions. While life may eventually go back to the way it once was, things will never be the truly the same.
Take businesses, for example. Social distancing measures have led to an unprecedented surge of employees working from home, exposing the inefficiencies of the manual systems still used by the majority of businesses. Accounts payable departments are particularly vulnerable to reduced labor power and halted supply chains because 90 – 95 percent of accounts payable departments still use paper-based systems and manual data entry. If the workforce if physically separated and there is limited access to the necessary tools, the business cannot possibly function. The drawbacks of manual systems may not be as apparent when the workforce is in one location. But they are still there.
The influx of employees working remotely has only magnified the benefits of cloud-based automated accounts payable solutions for the web and mobile. Through the use of artificial intelligence, machine learning and optical character recognition technology, cloud-based solutions ensure thorough, error-free, affordable, and green expense reporting. For instance, our clients successfully reduced processing costs by 90 percent, improved on-time payments by 75 percent, and reduced process cycle times by 80 percent.
To learn more about the benefits of AP automation, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.
