Outsourcing accounts payable is fast becoming a standard business practice that aims to delegate the trials of invoice processing and payment to a trusted partner while focusing precious internal resources on developing and enhancing a business’s core competency.
Outsourcing internal finance function is no longer limited to simply delegating data entry or document processing to a trusted BPO provider. In today’s business climate, outsourcing has become a long-term competitive strategy for achieving administrative efficiency while driving down administrative costs.
Every company or organization needs effective strategies that enable data-driven decision-making and it is no different for utility or energy data collection processes.
Adopting advanced technology including automation, machine learning and artificial intelligence provides strategic opportunities for cost-savings and improvement.