CHAPTER 18.GOING PAPERLESS
Automation has the power to transform finance operations. Not only does it improve productivity, it moves finance’s role from transactional to strategic—regardless of industry or company size.
Automating processes that have historically been resource-intensive allows staff to focus on value-added tasks that contribute to the organization’s bottom-line return on investment—for example, capturing discounts with electronic processing or increasing spend oversight and control with a p-card program.
There are many options for automating finance functions—from moving to software as a service (SaaS) to implementing a fully integrated end-to-end in-house solution that streamlines processes from the front end through the back end (i.e., data capture to e-payables).
This chapter puts a spotlight on the wide array of technologies that are available and provides a look at the current and planned uses of technology. The following topics are intended to provide insight and best practices on how finance departments can integrate the latest technologies into their operations:
| Chapter 18. Going Paperless |
| 10 Reasons to Automate |
| Where to Start |
| Working Faster and Smarter |
| Achieving End-to-End Optimization |
| Trending Toward Mobile Technology |
| Identifying Shortcomings of Manual Processing |
| Creating Next-Generation Architecture |
| Procurement Automation |
| Procure-to-Pay (P2P) |
| Accounts Payable |
| Payroll Automation |
| Accounts Receivable and O2C |
| The Supply Chain ... |
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