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Accounts payable, Remote working | 3 Min Read

Too busy to change? How an automated AP system can help during COVID

Written by:
Neil Robertson on October 8, 2020

    

Too busy to change – or too busy not to?

Every finance professional is trying to cope with the implications of COVID-19  across every aspect of their business, all whilst dealing with their day job.

As many of us are beginning to realise, all of the additional work created by COVID-19, combined with WFH (which seems unlikely to go away any time soon whilst social distancing remains in place), is leading to balls being dropped, errors being made and for some, an ever-increasing backlog of work. This has led to critical activities like supplier payments, month end accounts and cashflow reporting being pushed back. 

The result is stress levels that are becoming unsustainable, both for individuals and the business. Something is going to give.

This problem is compounded by the reluctance to hire and train new staff to cope with the changes, as now is not the time to increase overheads.

But being too busy to change and failing to cope only leaves one other option, and that is to change.

So here is a radical idea to consider:

Take a single day to fully automate your accounts payable process.

It’s entirely possible with the right automated accounts payable system.

(If you haven’t upgraded your accounts payable process/system in a while, you might want to read this blog)

At the same time (or subsequently), enable your staff to buy everything they can from Amazon Business. They will love you for it and your business will save, on average, 32% on existing purchases.

Also, everyone inside and outside of the finance department will immediately save between 65-90% of the time they currently spend on the entire purchasing process – freeing up their time so that they can focus on more important work.

The time you invest in automating your accounts payable will be repaid within a couple of weeks, if not less, and enable you to get ahead of the curve. 

The money you invest to automate (if you increase the amount you spend with Amazon Business) can deliver a cash ROI in under a month.

So, if you don’t want to stay where you are,  why not set 30 minutes aside and talk to us, then make your own decision on what you do next.

We really can help you!

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