Where to get started with invoice processing automation
One of the most common question we often get is “where should I get started with invoice processing optimization?” While “it depends” is always the correct answer that nobody likes, there are some general patterns we are able to establish based on experience.
Let’s first look at the criteria that is important to most companies:
The financial impact should be direct and immediate, you shouldn’t have to wait 12-18 months for an uncertain outcome.
Delivering savings alone is not enough, the solution should put your firm amongst the top tier most cost-efficient companies for invoice processing.
The implementation should be low-effort and quick.
Minimal up-front commitment to reduce your risk.
Project scope should be tightly defined to avoid scope-creep, don’t boil the ocean.
Ability to extend the platform capabilities without rework at a later date, implement full capability in phases.
Minimal adoption/operation/technology risk to migrate to the new solution.
