AP Automation Project Justification using Real-World Numbers by IntelliChief. Man at computer, thinking.
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Creating an AP Automation Project Justification Using Real-World Numbers

This video archive of one of our most popular webinars begins with initial considerations around why organizations automate accounts payable. It presents information on what AP automation is and how a successful AP automation project can streamline AP operations, reduce errors and maximize ROI. And it takes you through the process of creating a justification for AP automation using real-world numbers from industry benchmarks and from your own organization, including important guidance on what to include in your analysis and where to uncover those numbers in your own organization. If you are considering a new project or building the case for AP automation in your organization, this is an essential video for you and your team. 

You know that AP automation will have a significant impact and deliver many benefits, including:

  • Saving money and time with touchless processing
  • Eliminating labor and manual data entry
  • Eliminating human errors, late fees, and duplicate payments
  • Earning more early-pay discounts
  • Gaining full visibility into your AP process
  • Improving management effectiveness with dashboards and reports that deliver powerful, data-driven insights

But how do you build a powerful case to win over executive management and other stakeholders in your organization? What should you include? Where do you find all the elements?

This video explains exactly what a real-world justification for AP automation should include, and covers elements like:

  • Your actual metrics for AP processing
  • Hard dollar savings and efficiency metrics
  • Projecting your savings over a 5-year period
  • AP automation project cost estimates
  • 1 – 5 year ROI projections and break-even analysis

The video provides additional guidance on the specific metrics that you should include and how to calculate the impact of automation, providing a sample business case and ROI analysis.

Watch this video and begin your AP automation journey today!

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