Ashish Deshpande has worked in the process automation space for over 20 years. He has been instrumental in successfully deploying frevvo’s software at hundreds of organizations such as HBO, New York University, and Boston Public Schools. Ashish has contributed to leading publications such as Forbes, business.com and readwrite.com. Ashish received a PhD in Computer Science from Yale University, and a Bachelor of Technology in Computer Science and Engineering from the Indian Institute of Technology, Mumbai, India.
Think about the accounts payable (AP) invoice process in a typical business.
Often, invoices go to multiple people in the organization rather than being centralized. A recipient manually forwards the invoice to the accounts payable department for coding and review – usually by email. Someone manually enters invoice data into an internal system, the invoices are paid, and filed away – often in a folder.
It’s incredibly wasteful, error-prone, and costly. According to the Institute of Finance and Management accounts payable professionals spend a mind-boggling 84% of their time trapped in an endless cycle of manual and semi-automated AP processes, including data capture.
With a modern AP automation solution, your employees can stop wasting time on data capture and manual processes and can instead spend it on work that really matters.
Businesses today have to do more than build great products. They have to refine their workflows and make their operations more efficient to stay competitive.
Much of what gets done in any organization depends on workflows — approving purchase orders, onboarding new hires, processing expense claims, and more. Effective workflow management improves overall productivity and boosts your bottom line.
But with dozens or even hundreds of workflows, how do you manage all of them?