You’ve already embraced digital transformation and know that it takes more than your ERP system to create best-in-class AP automation. Unfortunately, it’s never as easy as simply selecting a vendor and implementing a solution. Before an automated AP invoicing project can hit the ground running, one critical hurdle must be cleared — getting buy-in from upper management and other key stakeholders.
Since your project is not the only one vying for approval and budget dollars, you need to create a clear and comprehensive business case to propel AP automation to the top of your 2018 to-do list. The good news is, despite upper management consistently being cited as the biggest obstacle to AP automation, they understand the general benefits. According to survey results compiled by the Institute of Finance & Management (IOFM), the c-suite believes AP would benefit from automation more than any other finance/administrative function. That’s a good start. Now it’s your job to build on that and create a well-thought-out and strategic business plan that will clinch the deal.
Check out this SlideShare to help equip yourself with the knowledge and strategies needed to make AP automation a reality (bonus: there is a detailed white paper linked at the end that will lay everything out for you). By better understanding how automated AP invoicing works, you can cite key performance indicators (KPIs) and analytics to more effectively persuade their organization’s top decision makers.