How Automation Improves Business Performance and Overall Society

In the corporate world, many companies receive critical discounts from their vendors by paying their invoices early. Should the invoice be sufficiently large, one missed discount by an accounts payable clerk can offset months of small, positive gains.

Imagine a technological solution that greatly reduced the chances of a missed discount ever happening.

Automation carries a wide range of benefits for businesses. As illustrated in the following infographic, some of the benefits from automation revolved around improved accounts payable operations.

It was found that automation in accounts payable operations increased productivity by 30 percent. Automation also reduced the cost per invoice by up to 60 percent.

After all, a human accounts payable clerk can only handle so many invoices per hour on his or her own. Instead, machines are able to do most of the work automatically, with the accounts payable clerk functioning in a supervisorial role. That way, the discounts can keep on coming.

Thanks for checking out our latest infographic, and let us know if you have comments or questions.

How SAP Automation Improves Business Performance and Overall Society

© 2014 Dolphin

Related Posts

What is the place of OpenSAP in SAP education landscape?

Dmitry Kaglik

August 5, 2019

SAP

No Comment

FacebookTwitterLinkedinDiggemailSAP is a company that develops and sales many software applications. Of course, the most well-known of them is SAP R/3, also known as SAP ERP, SAP ECC and now SAP S/4HANA. There are also other products like HANA, SCM, CRM, Concur, Successfactor and so on. Each of these products is very complex. It is […]

Read More

Payments with Payment Requests and Repetitive Codes

FacebookTwitterLinkedinDiggemail Introduction Payments in SAP is a very important topic. Most often these are payments made to vendors. There are multiple ways how you can pay vendors in SAP using invoices or down payment requests. Some special cases require you to make payments without an invoice, and Payment Requests become handy in these cases. If […]

Read More

3 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Search this site

Subscribe!

You can subscribe to our regular updates here.

Polls

Will you be happy to pay for the 3rd edition of the book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE?

View Results

Loading ... Loading ...
Disclaimer and privacy policy