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How to Choose the Right Accounts Payable Solution
By Nexus Systems • October 11, 2017

Real estate firms know all too well that manually processing invoices comes with an excess of issues. A manual process can costs too much, takes too long, creates too many errors, provides inadequate visibility, and results in too many supplier inquiries.

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Despite all that, most real estate firms manually process the invoices they receive from suppliers.  As a result, accounts payable departments spend 84 percent of their time on a seemingly endless list of manual transaction processing tasks such as mail opening, data entry, paper shuffling, and filing. 

It’s not that real estate firms don’t want to automate their accounts payable function.  In fact, automation is the number 1 budgetary priority of accounts payable departments across all industries. 

The reason that most real estate firms don’t automate their invoice processing is that they are overwhelmed by the never-ending array of business requirements, technologies, solutions providers, and integration and deployment options.  At the end of the day, it feels like you're taking a shot in the dark when trying to find the best software to fit your needs.

Take the guess work out of finding the right solution for AP automation in these 7 simple steps:

  1. Set realistic objectives
  2. Determine your business requirements
  3. Sort through technology options
  4. Validate vendor claims
  5. Get buy-in from front-line staff and other key stakeholders
  6. Build a business case for fully automated AP
  7. Win budget approval

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Now that you have the steps, what are you going to do with them? Join us on October 24 at 2 p.m. eastern for a live webinar as IOFM’s Managing Director of Advisory Services, Mark Brousseau,  provides an in-depth look at this 7-step program for choosing the right accounts payable solution for your real estate firm. 

Stop wasting your time and money on manual invoice processing!  Register for the webinar today!

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