6 Tips for Successfully Automating Accounts Payable

The Path to Successfully Automating Accounts Payable 

While it’s no secret that automation can play a significant role in improving your AP department’s performance, how do you know which solution is the best fit? The choices out there can be overwhelming, so for best results you need a way to match your needs to the available offerings. 

IOFM and AvidXchange partnered to identify some important features to evaluate when choosing an automation system, including how well the software integrates with your accounting system, what levels of support and security the provider offers, and how customizable the solution is. 

First, using a downloadable Excel ranking tool, you’ll be able to determine how important each of these factors is to your operation and how often they come into play. Then once you’ve identified the software vendors you’d like to consider, you can use the tool to compare their offerings to the needs you defined. The tool generates a numeric score to rank how good a fit each of your candidates is. 

Choosing a software provider doesn’t need to be a “best guess” situation, nor should you be swayed by a lot of features that would be nice to have while missing the truly essential ones. Download the white paper, “6 Tips for Successfully Automating Accounts Payable,” and learn how you can equip yourself to select the automation partner who will best meet your needs.