No capital available for Accounts Payable projects ? No problem.

In this economic environment, accounts payable operations are looking to reduce their unit costs to process each invoice. However, many companies are presently "capital constrained", meaning they have little or no capital dollars available to invest in order to realize the returns that present themselves as lower costs. Does this mean that, as a payables business owner, your attempts to reduce costs should be put on hold ?

Not at all. Many vendors and business partners who specialize in accounts payable automation, optimization, and accounts payable outsourcing have programs that create the desired outcomes (reduced invoice processing costs through process improvement) without requiring any upfront capital. While every project is different, the following vendors are noted for these capabilities:

Archive Systems
BancTec
Datrose
Deutsche Bank
New England Document Systems
Sourcenet Solutions

There are many others. I welcome your comments to round out this list.

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