The 7-Steps to Building a Winning Business Case for AP Automation
Blog
Despite the promise of full automation, most accounts payable departments are overrun with paper invoices and payables documents, and still employ manual and semi-automated processes for managing them.
Accounts payable departments cite several factors for their manual and semi-automated processes, including a lack of IT resources, small capital budgets, a lack of resources to manage a system deployment, and no senior-level champion for accounts payable automation.
But the top reason that accounts payable departments remain stuck with these inefficient processes is that they do not know how to develop a business case for automation that will win over the C-Suite. In fact, studies show that the C-Level Executives (CEO, CFO, COO) recognize the challenges with processing supplier invoices in a manual or semi-automated environment, and are willing to spend more money to address them – they just need to be sold on the idea!
The onus is on accounts payable practitioners to develop a business case for automation that meets the needs of the C-Suite and other business stakeholders as well as the accounts payable department.
Download our latest webinar as we detail the Seven Steps to Building a Winning Business Case for Full Accounts Payable Automation.
In this webinar, you will learn how to:
- Line up Stakeholders
- Prepare for Objections
- Diagnose your Current State
- Calculate the Payback
- Propose the Solution
- Prove the Concept
- Plan for Change