Agile Dashboards & Mobile Invoicing – 2017 trends for Accounts Payable
Every year, you look at trends for how to manage business processes better. Accounts payable processes is one key functional area in business that still needs perfection. One technology that is helping business with accounts payable is the cloud. In 2016, most businesses have adopted cloud technology, making it easy to access financial data. So, you may be wondering what’s new in 2017. Here are some new things that make invoice procedures easy for businesses.
Automation takes control
One thing that is increasing in accounts payable stream is automation. The technology makes it easy to create an invoice without manual processing. At stake, the idea is to get rid of paper in the workplace. Automation is going to become a game changer in financial management. Ultimately, you will save time & money and carve out more time for strategic operations.
Smart invoice methods
Smart invoicing methods are the emerging trends in accounts payable. Adding this feature to financial information can be more time saving for accountants. Automation will keep track of all details that you might otherwise miss. The best part of smart invoicing is to weed out mistakes to avoid any discrepancies on things paid. Smart technology can lower the downtime taken to scope errors in the AP processes.
Agile reporting dashboards
Using dashboards with agile reporting methods is another trend in AP. This feature adds agility to the processes by making it possible to share financial information to business associates. This means you can get real-time information when critical aspects need to be solved immediately. This will add up more operational and financial value to your business.
Mobile solutions
Sometimes you have to travel to make business deals. May be your financial department might need your help to discover a complex problem. Mobile solutions play a key role in this arena. Today, it’s all about making things more accessible and easier to read. You can access invoices at anytime on a mobile device and be able to make changes. This would help you solve issues on the way, if any.
It’s time to analyze your accounts payable solution and ensure you are on the right track in 2017.
