Companies are starting to set terms for the gradual return to office, and employees are opting for all kinds of settings – fully remote, hybrid, in the office. With these varied preferences, accounting team need a set of tools and systems that will help them operate as normal and keep the business running.
One study with 9,000 employees revealed that
Here’s why businesses are investing in an AP solution to in the hybrid world:
Approving invoices online:
A survey conducted with 200 AP professionals found that they spend approximately 20% of their time per week on managing approvals. That’s roughly one in five days spent on approvals and follow-ups.
“A flaw that we had with that system was that there was no way to see if the invoices and purchase orders had received the proper level of review and approval. We had to document that through emails,” says Jose Breton, CAO at
With automation, companies can fast-track this process by approving invoices in the cloud. Reminders can be automated, so employees don’t have to do the chasing. Managers can access approval documents via web or mobile. Cost to process invoices also goes down to USD $5 or less.