Janet Martin
Many technology leaders in 2019 are emphasizing the pivotal role of Artificial Intelligence and machine learning in enhancing business operations. According to Deloitte, organizations leveraging AI are likely to gain a competitive edge. To fully capitalize on AI, businesses must automate their procurement processes. This shift towards automation can be daunting, especially when justifying the investment to decision-makers.
To advocate for procurement automation, organizations need to quantify the potential savings and advantages of streamlining Procure-to-Pay (P2P) processes. By leveraging automation, businesses can reduce manual tasks significantly, leading to streamlined invoice processing and enhanced accuracy in the P2P cycle.
A crucial first step is calculating current procurement costs and potential savings. Transitioning from manual to automated systems can yield substantial cost reductions, sometimes up to 70%. PairSoft, in collaboration with Levvel Research, has developed the Procure-to-Pay Calculator to help organizations assess their current procurement costs and estimate the savings achievable through automation.
Using the Procure-to-Pay Calculator, organizations can visualize their estimated costs per purchase order and invoice, and project potential savings. PairSoft’s solution offers benefits such as multi-company purchasing, project-based requisitions, and eliminating maverick spend. These features contribute to considerable time and cost savings, making a compelling case for automation.
Engaging various stakeholders, including purchasing managers and CFOs, is crucial in building a robust business case for procurement automation. By involving key decision-makers and end-users, organizations can effectively communicate the financial, operational, and strategic benefits of implementing an automated procurement tool.
PairSoft offers a comprehensive suite of solutions for procurement automation, including AP Automation, Document Management, Analytics & Reporting, and Fundraising Automation. With integrations with leading ERP systems such as Netsuite, Blackbaud, Sage, and Dynamics, PairSoft streamlines procurement processes and enhances workflow automation.
In conclusion, PairSoft’s procurement automation solutions provide organizations with the tools needed to streamline processes, reduce costs, and improve efficiency. With PairSoft, businesses can transition from manual procurement to automated systems, leveraging cutting-edge technologies to drive savings and enhance overall procurement effectiveness. By partnering with PairSoft, organizations can navigate the complexities of procurement automation and reap the benefits of a more streamlined and cost-effective procurement process.
Talk to an expert today to uncover how your team’s procurement stacks up against the top performers in your sector.
Janet joined the PairSoft team upon its merger with Paramount Workplace, where she was also an integral part of the sales team for years. Janet resides in Michigan with her family.
View all posts by Janet Martin
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