The Sage 300 Add On That Makes Year End Easy-As-Pie
According to a 2017 survey of Sage customers, accounts payable automation was the most requested new functionality. So it should come as no surprise that Sage recently introduced Sage AP Automation powered by Beanworks. Let’s take a look at this new suite of AP automation features now available for Sage 300c.
What is Sage AP Automation?
Sage AP Automation is designed to simplify and remove manual tasks from your accounts payable process, from purchase to payment. Invoices enter your Sage 300c system with guaranteed accuracy and are stored securely in the cloud, saving time and removing the complexity from manual data entry. Other benefits include:
- Improved visibility into invoices and AP documents
- Better cash management
- Higher levels of payment accuracy
- Mitigation of payment related fraud
The Benefits of Automating AP
There are a variety of reasons that automating your accounts payable process could be highly beneficial to your business. Here are some common questions to ask yourself:
- Does your current process require a lot of touch points, moving parts, and paper filing?
- Is your invoice approval process manual and inefficient?
- Do you spend a lot of time manually entering AP data?
- Do you have remote employees and/or multiple locations that need access to AP invoices?
Get answers to your year-end questions in our free guide
On average, a single invoice can cost your business up to $15.96 to process manually when you consider the price of labor, materials, printing and postage. By automating that manual AP workflow, you can dramatically reduce that cost to just $2.94 on average. With Sage AP Automation, the more invoices you process, the more your per-invoice (and overall) costs decrease.
What’s more, manual AP processes can take approximately 11.4 days to complete as you enter data, code invoices, chase down approvals through emails and phone calls, and cut printed checks. Sage AP Automation can reduce that processing time down to just 3.6 days!
Sage AP Automation is now available to clients on a Sage 300c subsciption. If you have any questions about Sage AP Automation or your year-end procedures, contact us here or give us a call at 410.685.5512.
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About Sharon Paul
Helping clients use technology to solve tough business issues is what drives Sharon. If she can save a business valuable time by automating a procedure or process, or help them use technology to produce useful information for decision-making, then Sharon feels that she’s done her job. In her spare time, she loves to cook and will gladly swap recipes with you.