In this webinar, Understanding ROI of AP Automation, Steve Weber, CEO and Co-Founder of PaperTrl, explores how businesses of all sizes can benefit from automating accounts payable processes. Steve highlights how AP automation—ranging from invoice receipt to vendor payment—can drive significant efficiency, accuracy, and cost savings. Using Home Depot as a key case study, he explains how starting with invoice automation rather than purchase orders led to more accurate data, better inventory management, and reduced manual labor, proving that strategic automation can impact the entire organization.
He challenges common myths, emphasizing that AP automation is not just for large companies, and its value extends far beyond paper savings or headcount reduction. Even small businesses can see meaningful returns through streamlined processes, improved organization, and better vendor relationships. Steve underscores that while rebates from card payments are valuable, they should not be the sole reason for implementation; broader operational benefits and fraud prevention make a stronger case.
Ultimately, a proper ROI analysis involves evaluating current processes, spend patterns, and working closely with banks and vendors to tailor a solution that drives both immediate and long-term value.