News Column

Sustainability and Savings Prompt Companies to Automate Their Accounts Payable

Aug 14 2012 12:00AM

Marketwire

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WASHINGTON, DC -- (Marketwire) -- 08/14/12 -- Anybill, Inc., a pioneer in Software-as-a-Service (SaaS) accounts payable solutions, reports a majority of clients now cite "eliminating paper waste" or "reducing environmental impact" as key motivators toward adopting Accounts Payable (AP) automation.

Reducing operating cost and increasing productivity remain the primary reasons for businesses to transition from paper-based AP. According to The Paperless Project, 15% of an organization's revenues are spent creating, managing and distributing documents. Approximately 75% of Anybill's clients, however, say their actions to digitize processes were made from a standpoint of environmental impact and corporate social responsibility.

Anybill President and Co-Founder Peter Bepler said, "Market leaders began digitizing business processes like AP years ago because financial and operational benefits were clear. Today, the blue recycling bin at your feet is a constant reminder of how inefficient paper is. The connection is evident between the 'financial benefits' and 'environmental benefits' when automating these processes."

According to The Paperless Project, elimination of paper-based accounts payable and other business processes holds the potential for significant increases in business productivity and cost efficiency. The coalition reports:

•The average document is printed five times. •More than 70% of today's businesses would fail within three weeks if they suffered a catastrophic loss of paper-based records due to fire or flood. •Each lost document costs $350 to $700.

"Paper-based processes are inefficient, and that inefficiency impacts organizations and the environment," said Gary Deinken, Accounting Operations & Systems Director for the National Automobile Dealers Association (NADA). "Automating AP cut our costs by eliminating the postage, duplication and storage required for paper invoices. The move also helped NADA to cut the pollution that comes from paper manufacturing, printing and transportation. We view it as a smart decision for our members and our community."

Anybill reports the transition from paper-based to automated Accounts Payable is a simple process. Organizations of all sizes reduce their carbon footprint and operating costs through digitizing these labor and paper-intensive functions. Further information is available at www.Anybill.com

About Anybill, Inc.

Since 2001, Anybill has been developing and delivering the most secure, comprehensive and advanced suite of complete, on demand accounts payable software-as-a-service and critical payment solutions to companies and organizations across the United States and internationally through channel partners and direct relationships with its clients. Anybill's unique back office business process leverages technology that provides users the ability to save time and money through workplace automation, instant access to critical data, and financial transparency.

Anybill is based in Washington, DC.



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Media contact:
Jen Tenor
Anybill
Director of Marketing
202.682.6321
www.anybill.com





Source: Marketwire