Accrualify Blogs

In previous posts, we’ve discussed how to create your list of “must-have” features, as well as how to consider the needs of your vendors. Before selecting an accounts payable automation solution provider, there is one final thing to figure out: what data are you currently missing?

Adopting an AI-powered AP solution is likely more cost-effective than you may think. The right tools can also lead to increased efficiencies, happier employees, and stronger vendor relationships. While there is no “one size fits all” solution for AP automation, your AP pain points should drive your search.

It’s no secret that the role of the finance department within companies is evolving. ‍A simple Google search will bring up a plethora of articles dissecting how the finance organization is no longer confined to the back office crunching numbers.

Today’s topic is one that seems to resonate with all of our customers and with any company that manages more than a handful of vendors. Once your organization starts doing business with 10+ vendors, vendor-management could become very manual and more complex.

Whether a company wants to control the vendor relationship or wants to outsource the AP function, having an invoice automation software is instrumental in the growth of that company.