Things to know when choosing a payable automation software provider

LEARN THE PROCESS

After selecting a supplier/partner, the Chief Financial Officer (CFO)/Board of Directors or the person in charge of the business needs to clearly describe the payment process of the business to the distributor. From there, the two parties work together to find the most suitable solution/service. 

Depending on the nature of the work of accounts payable accountants, there are a few things to keep in mind:

• Final cost
• Items for sale/buy in
• Lpayment
• Out-of-scope requirements (if any).
• Don't cut this process short

Consulting multiple options is also one of the things to do. If coming to terms is difficult or if something isn't working in your business's accounts payable automation process, consider using a vendor-provided solution.

CONTRACTING

Once you've agreed with your provider about the services your business needs, you should draft a contract that explains everything that will be delivered, what the implementation process includes (and isn't included), as well as ongoing support and maintenance fees or other support policies.