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Streamlining invoice processing with workflow automation can help you save a significant amount of time and money. Compared to manual invoice processing, an automated invoice flow accelerates approval times, increases data accuracy, and cuts down the cost of invoice preparation.

Different day. Same repetitive business tasks. From opening letters to filing documents and manually entering data into your ERP system, many valuable hours are wasted on activities that don’t benefit your bottom line or fully utilize the talents of your employees. In fact, as you think about all the repetitive work happening day after day, doesn’t it remind you a little of the movie Groundhog Day?

AP automation speeds up invoice processing and allows companies to handle a higher volume of documents than would otherwise be possible. But beyond speed and volume improvements, accounts payable automation also provides benefits in other areas that positively impact a business’ bottom line.

You’ve probably heard the term before, but what is a digital mailroom, really? A digital mailroom is a way to process the incoming documents that enter your organization faster and more efficiently.

Deciding to digitize incoming invoices and automate invoice processing is a smart choice that can significantly benefit your organization, especially if you regularly process a high volume of invoices or have multiple locations that make efficient processing difficult. Invoice scanning allows you to quickly and securely access important AP documents from your computer or mobile device, and AP workflow automation allows you to process them faster, lowering operating costs. And these benefits are just the tip of the iceberg!

One thing that can help any New York company boost efficiency, regardless of industry, is implementing a digital mailroom. With a digital mailroom, your mail and email are directed to monitored inboxes, prepped, scanned or formatted, and indexed. Instead of having to open envelopes or download and print attachments, all the data and documents you need is sent directly to you, ready for processing.

With commercial real estate costs continuing to rise year over year, prices are getting prohibitively expensive for many companies, especially in places like New York City and Boston. Today NYC prices are second only to San Francisco in terms of cost per square foot. Real estate costs have a significant impact on the bottom lines of businesses like yours, and often, the space you’re paying such a premium for is being wasted.