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Invoice automation - future of invoicing, any downsides?

  • Written by Zoran

People who are involved with invoicing have been wondering about invoice automation, what it is and how exactly can it help make work easier, save money, etc. Automation is usually something that we fear, because those big and bad "automatons" are gonna take away our jobs. Others, mainly invoicing department heads, can't wait to implement invoice automation because they see it as a great way how to cut down costs and how to increase the productivity of the accounts payable department.

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Major costs of accounts payable departments are mainly associated to labor

  • Written by Zoran

Recent survey of how money is being spent in small to mid-sized companies shows that a significant amount of costs related to the accounts payable departments is related to labor. This isn't something that's too surprising when you think about it. It takes a professional with years of experience to manage accounts, create invoices, etc. Cost of labor goes up exponentially if most of the work is still done by hand, meaning if you don't have the right invoice management software and tools.

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Human error reduction with hosted invoice management software

One thing that using computers and automation in general has made possible is to decrease the human error factor from the work process. We humans aren't perfect, we get distracted, lazy, tired, and sometimes we just lack the necessary skill to keep track of everything that can go wrong while at work. Even though processing invoices isn't something that's life or death important so that you can't make mistakes, every mistake that you do make could end up costing you dearly in delayed payments and time that you spend correcting wrongly sent or archived invoices. Hosted invoice management solutions can help you out in situations like these.

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5 reasons why hosted invoice management might be better than standalone applications

  • Written by Zoran

Trying to change the way we do things doesn't always sit well with us. Fear of the unknown, of the extra work involved with having to learn how to do things anew will deter most people away from anything new that might be presented to them. Even though hosted invoice management is with us for quite some time now, a lot of people are still not convinced it might be good for them. Today I'm gonna give you a list of 5 reasons why hosted invoice management might be better for you from standalone applications.

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Accessibility - great advantage of hosted online invoicing

Hosted invoicing has a lot of advantages over standalone invoicing applications. We already covered several of them since we started talking about hosted online invoicing a couple of weeks back. But what we're gonna be talking about today is another frequently overlooked advantage of hosted online invoicing and that is the ability to access your invoicing dashboard from practically anywhere in the world, as long as you have an active internet connection that is.

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