IBN Tech Highlights the Power of AP Automation: 52% of USA Businesses Succeed in Implementation
PUNE, INDIA - IBN Technologies, a prominent provider of offshore outsourcing solutions, emphasizes the need for organizations to adapt to automated accounts payable (AP) procedures in order to achieve long-term development and competitiveness.
The business landscape is constantly evolving, and technological advancements are vital to driving growth and efficiency. Recognizing the significance of automation, IBN Technologies brings attention to the transformative power of AP automation. According to recent research conducted by MineralTree, an impressive 52% of businesses successfully implemented AP automation in 2022, indicating a significant shift towards enhanced efficiency and streamlined financial operations.
While the statistics reveal a growing trend toward AP automation adoption, numerous organizations remain hesitant to embrace this transformative technology. Many of these companies continue to rely on traditional, time-consuming manual AP procedures, underestimating the substantial benefits that automation can bring to their operations.
IBN Technologies encourages businesses to overcome their hesitations and embrace the benefits of AP Automation. By embracing automation, organizations can streamline their financial processes, improve accuracy, enhance efficiency, and gain a competitive edge in today's fast-paced business environment.
IBN Technologies uses third-party technology to provide automated accounts payable solutions that include intelligent automation, advanced capture technology, and workflow automation. These technologies efficiently automate and streamline routine processes including data collection, invoice processing, and payment reconciliations. As a result, businesses can optimize their workforce allocation by redirecting resources toward more strategic activities that foster growth and innovation.
AP automation provides businesses with valuable insights and analytics, enabling them to make informed financial decisions based on real-time data. By leveraging advanced reporting capabilities and customizable dashboards, organizations gain a comprehensive overview of their financial health, enabling them to identify potential cost-saving opportunities, mitigate risks, and optimize cash flow management.
According to Mr. Ajay Mehta, CEO of IBN Technologies, "The rapid adoption of AP automation by a significant percentage of businesses clearly indicates the tangible benefits it brings. Through our comprehensive outsourcing solutions, we have helped our clients embrace automation and achieve unparalleled success. Our team of experts is committed to supporting businesses in leveraging automation to enhance growth, efficiency, and competitiveness.”
IBN Technologies leverages the cost-effectiveness of offshore outsourcing to deliver significant savings. Their third-party partner's accounts payable automation solution claims to slash invoice processing costs by 50-80 percent. This efficient system typically yields a return on investment in less than a year, marking a substantial gain for businesses.
IBN Technologies is committed to guiding organizations through the process of AP automation implementation, offering customized solutions to meet each client's unique requirements. With years of expertise in offshore outsourcing, IBN Technologies understands the challenges faced by businesses and provides seamless integration of automated accounts payable systems into existing infrastructure.
IBN Technologies LLC is an outsourcing specialist company with clients in the United States, the United Kingdom, the Middle East, and India. The quality of IBN Tech procedures is guaranteed by ISO 9001:2015, 27001:2013 as well as a CMMI-5 certification. In its more than 24 years of existence, IBN has become a leading IT, KPO, and BPO outsourcing specialized company in the Finance & Accounting, CPAs, Hedge Fund & Other Alternative Investment business, Banking, Travel, Human Resource & Retail Industry sectors.