Have you ever heard of Pareto’s Principle? Neither had we by that name. But it’s also known as the 80/20 Rule, which you may have heard of.
The idea that in any situation, 80% of the outcome is directly impacted by 20% of the output. In other words, small errors in your accounts payable department can have an enormous impact on your success or lack thereof. Delays caused by lost invoices, payment approvals, and unexpected variances can have major consequences if not handled in an efficient manner.
That’s why Sage offers a solution, Sage AP Automation, that will allow you to automate your workflow processes and get rid of the manual tasks that burden your accounts payable department:
- Eliminate data entry
- Streamline payment approval
- Automate electronic payments
With Sage AP Automation, you’ll have full visibility through enhanced reporting and seamless integration with your current accounting software.
To see how AP Automation can help you, download the Whitepaper: Work Smarter: How Accounts Payable Automation Empowers Account Teams.
It might be part of the 20% that drives 80% of your success.
| Download Whitepaper |
The post Are Small AP Errors Making a Big Impact on Your Business? appeared first on FayeBSG.
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