(PRWEB) July 01, 2013
Corcentric, a leading provider of Accounts Payable automation and e-invoicing solutions, knows that sometimes the main obstacle to implementing an AP workflow automation solution is convincing the CFO that the benefits outweigh the costs.
Corcentric cites a recently published survey which indicates that CFO’s make cutting costs their highest priority and upgrading systems and processes among their lowest. The inverse is true for AP managers, as is evidenced in a TAPN study, which is also cited.
Corcentric suggests that AP managers will have a much easier time convincing the CFO and other senior finance executives that there is great value in workflow automation if they can actually see convincing ROI. Being able to illustrate how a solution can cut costs, improve cash flow, capture early discounts, develop stricter external compliance, among other savings, goes a long way towards getting C-suite buy-in.
The blog provides a link to Corcentric’s ROI Calculator which contains many different variables to measure the ROI a company will realize when implementing AP workflow automation and e-invoicing.
The Corcentric blog is a knowledge center for accounts payable professionals to explore automation best practices along with the latest trends and news in financial process automation.
View Corcentric’s latest blog at http://blog.corcentric.com/calculate-roi/
For more than 15 years, Corcentric’s cloud-based financial process automation solutions have revolutionized how the world’s largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric’s ground-breaking Accounts Payable and Accounts Receivable automation solutions have enabled organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions.
Learn more at http://www.corcentric.com or call 888.525.7677.