TECHNOLOGY
the same results without the initial investment and with an extremely fast implementation time . Within a few weeks , managers can be approving invoices externally , even away from the office .
For many organisations , moving business process automation to the Cloud will enhance security . Ensuring the levels of security and redundancy that a SaaS or Cloud service provider will have in place is extremely costly with local infrastructure . Consequently , moving from a local IT set up to a Cloudbased service can enhance security as well as drive business efficiency .
Positioning manufacturers for growth In addition to processing invoices , managing payments , planning cash flow and maintaining supply chain fluidity , manufacturers need to ensure an effective paper trail for audit . Using Cloud functionality enables businesses to streamline finance functions and drastically reduce the time needed to ensure compliance . Cloud automations services enable businesses of any size to scan every invoice when it arrives , immediately ensuring that there is a copy securely stored online . Cloud-based invoice systems position manufacturers for growth , allowing them to take advantage of flexible resource deployment and the ability to efficiently re-scale business activity . Time savings of 75 percent for the finance functions are common , particularly for companies that have a large number of suppliers and have to process more than 5,000 invoices per year .
Invoice processing no longer takes
14 December 2014