accounts payable automation benefits construction

Accounts Payable Automation Benefits for Construction Companies

Accounts Payable automation for Construction should be a big cost savings and process efficiency opportunity for any organization. Many organizations are still trying to handle incoming invoice through PDFs or even the mail while there are plenty of accounts payable automation benefits to be had. This means lots of manual effort and very little visibility on supplier invoices for the finance team. Accounts Payable automation should be an area of focus for many organizations. Reports have found that the average cost of processing an invoice is $22 USD. Here are a few of the benefits of automating the accounts payable process for a construction company.
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invoice software

Invoice Software Helps Brands Get Paid Faster

Invoice software can help brands get paid faster. Signing up a new client and getting the initial order is an exciting time for a brand. The challenge often starts soon after as you try and get your retail partner to pay on-time. I know this is not always the case, but it can be a significant issue for growing brands. Often the larger the retailer the longer it takes to get paid. Doing a better job on invoicing keeps your days sales outstanding lower and helps with your cash flow. Here are some things to look for in invoice software to help get paid faster.
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Accounting Automation Software Services Streamlines Retail Operations

TORONTO, May 31, 2017 — Enterprise Ireland, the Irish government agency for the promotion of international trade by Irish companies, today hosted the visit by Irish Minister of State, Seán Canney T.D. to its exhibition at the Store 2017 conference showcasing Irish retail technology companies.

OnePosting is an Irish company providing comprehensive accounts receivable and accounts payable automation software that integrates with a retailer’s existing ERP and accounting software. It streamlines processes, improves accuracy, reduces data entry and provides greater visibility into the enterprise. Over 50,000 members are using the OnePosting service across 29 countries.
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