White Paper

2018 Payables Insight Report by PayStream Advisors

Introduction

Given the many options for improving back-office processes, both in terms of more strategic management and software-based approaches (i.e., automation solutions), it can seem overwhelming to begin an automation initiative. However, the potential barriers to adoption should not keep any organization from beginning the journey of Accounts Payable (AP) and payments process transformation. Automating payables processes is worthwhile because the end results are increased savings, increased efficiency, an improved bottom line, and a greater competitive advantage. No organization should miss out on its chance to achieve those benefits.

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Introduction

Automating the invoice-to-payment process including accounts payable (AP) and payments processing—collectively known as payables management—is one of the most important items on the agenda for organizations when it comes to improving the back office. However, automating can seem daunting for some companies. PayStream Advisors consistently hears two questions when consulting with organizations of all types, sizes, and industries: “How do we fix processes given our current state?” and “How do we know where to start?”

Given the many options for improving back-office processes, both in terms of more strategic management and software-based approaches (i.e., automation solutions), it can seem overwhelming to begin an automation initiative. However, the potential barriers to adoption should not keep any organization from beginning the journey of Accounts Payable (AP) and payments process transformation. Automating payables processes is worthwhile because the end results are increased savings, increased efficiency, an improved bottom line, and a greater competitive advantage.

Benefits of the CSI accounts payable system

No Cost

Our small admin fee is offset by the revenue you’ll earn, resulting in a no-cost enterprise solution.

Secure

Single-use virtual card numbers become invalid once the transaction is complete, eliminating the risk of stolen card numbers or lost checks.

New Revenue

Earn monthly cash back rewards based on virtual card spend, generating new revenue just by paying your bills.

Greater Efficiency

CSI Paysystems automates payments, mirroring existing workflow processes while eliminating the risk of manual errors.

Integrated

Easily integrates with existing ERP or accounting system to simplify reconciliation and save staff time.

Fully Supported

CSI handles 100% of the initial vendor enrollment and will fully train and support your team with our award-winning customer service.

Still have questions? Call 866-998-0437 and speak with a certified AP expert today or schedule a demo.