66 West Flagler Street Suite 900 Miami, FL 33130
miami
FL 33130
india
Phone:+18446448440
digitalmarketing.ibntech@gmail.com
Miami, Florida, June 24, 2024: According to a recent report of PYMNTS only 5% mid-sized firms have fully automated their accounts payable (AP) and accounts receivable (AR) rest 15% have automated three or more tasks and other 44% have only automated one or two tasks.
AP/AR are two of the areas that usually require a higher employee’s participation and processing time. Traditionally, these areas have been labour-intensive, requiring substantial employee participation. However, the introduction to cutting-edge automated technologies is changing these fields.
The study highlights that most mid-sized firms are planning to automate their AP/AR operations. Thus, this trend indicates that there will be a considerable decrease in the manual AP/AR procedures resulting in time-saving and streamlining the financial operations for them.
“Automation is the key to future†says Ajay Mehta, CEO of IBN Technologies. By completely automating AP/AR operations and eliminating manual processing techniques, businesses can now concentrate more on their core activities.” Mehta adds. Automation significantly reduces the potential for human error and enables companies to scale their operations seamlessly as they grow.
The shift towards fully effective automation is proving crucial for businesses aiming to minimize errors in AP/AR, boost operational efficiency, achieve cost savings, nurture stronger relationships with vendors and customers, and optimize cash flow management. A real estate firm transformed its AP operations by automating invoice processing, they cut the AP payment approval cycle from two weeks to just two days, achieving an 86% reduction in processing time.
IBN Technologies is emerging as the leading firm in providing AP/AR automation services, enabling businesses to grow exponentially. The company’s services are instrumental in cost reduction, overall enhancement of cash flow management, and faster processing times. IBN Technologies specializes in all aspects of AP/AR automation such as automated workflows and document management, efficient management of customer and vendor databases.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 24 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
sales@ibntech.com
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037