How Automation Improves Business Performance and Overall Society

Share the knowledge
Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInDigg thisEmail this to someone

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

Share the knowledge
Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInDigg thisEmail this to someone

Related Posts

SAP expert news, part 4 – we care about your security

Dmitry Kaglik

February 19, 2018

SAP

No Comment

Share the knowledgeSAP Expert always takes security seriously. That’s why both SAP Expert projects have recently been upgraded to use secure connection. It means that you will now access sapexpert.co.uk and job.sapexpert.co.uk sites through secure and encrypted HTTPS protocol. Your browser should show this as a green padlock on the address bar. Enjoy your reading! […]

Read More

SAP, Freelance and Digital Nomads

Dmitry Kaglik

February 5, 2018

SAP

No Comment

Share the knowledgeSand, warm sea in front of you, swimming pool behind, and a glass of an ice-cold drink on the table nearby your laptop. Isn’t it an ideal workplace for many? That’s the life you can get living in a Southern country like Cyprus, Thailand or Indonesia. There are some people and organisations to […]

Read More

3 Comments

Leave a Reply

Your email address will not be published.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

Search this site

Subscribe!

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