A paperless accounts payable system frees up your AP team's time, cabinet space and saves money by eliminating shipping and material costs. Many AP departments don't realize how paper is weighing them down and causing them to fall way behind their competition. Shedding the paperweight is easy when you transition to e-invoicing to streamline your AP process.
Paperless accounts payable software can really get the engine of a dealership roaring, no matter its size or how spread out its operations are. Leveraging AP software not only reduces costs by empowering the automotive industry's bottom line to go paperless, it creates a whole new level of transparency and visibility that profoundly changes the way a dealership does business from procurement-to-payment.
Apaperless accounts payable process has many financial and even strategic advantages for an organization. That’s particularly true for the automotive space, where dealerships often have a large geographical footprint and their general managers want to focus on strategic priorities to drive profitability at their dealerships rather than deal with heaps of purchase orders, expenses reports and invoices.
Yooz, the leader in accounts payable automation, has been innovating this paperless AP process for decades. After having processed more than 100 million invoices for our clients around the world, we can say with confidence that a completely paperless invoice approval system is possible and achievable for everyone. Digital transformation was never easier and it can quickly save precious time and money to boost efficiency, productivity and job satisfaction at any dealership.
“We’d have to physically take the invoices from store to store or email them and hope that they didn’t get overlooked. Once a week, we’d do a ‘round robin’ to get the General Managers’ signatures on checks. One day, the stack would go to one manager, the next day to another. Our process felt a lot like herding cats.”
Wouldn’t it be nice to get rid of paper? At least to eliminate most of it? Think of all the purchase orders, invoices, expense reports and checks going through the hands of your accounts payable team. The sorting, scanning, and entering, stapling, and archiving. Not to mention shipping the invoices between locations or departments and retrieving them for audits.
The benefits of paperless accounts payable solve these issues. They include things like savings in time and money that come by handling all those documents in an electronic format that intelligent software can read, understand, and automatically process with far fewer errors and other hiccups.
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