Is TPA (Targeted Process Automation) Low-Hanging Fruit?
In every endeavor success entails analyzing problems, finding options to solve them, making decisions, prioritizing actions and execution.
Problems come in all shapes and sizes. Complex challenges must be broken down into executable pieces. More serious challenges bring with them additional pressures to find options and make decisions.
These days, the broad challenges included in most management performance goals often center on increasing the value of those outcomes for which the manager is responsible. It’s nice, when identifying opportunities and prioritizing steps to reach them, to find some things that can be done quickly to realize benefits or clearly demonstrate movements in the right direction. The worn but descriptive phrase for those things is “low-hanging fruit.”
That phrase can carry a negative tinge. Especially if it refers to things that bring immediate gratification, but do little for long-term gain. If it’s an avoidance of harder work to be done, it might be merely a distraction disguised by momentary gratification, like a grab at the candy bowl. On the other hand, picking the “fruit” in reach may be the most sensible thing to do.
Targeted process automation is a case in point. Replacing specific manual processes with highly targeted, automated digital ones can provide significant benefits in the near and long term that include savings and increased staff value.
What kind of activities would qualify as targeted process automation, fruit that’s easy to reach? Projects that are specific, easily deployable, do not consume much time or IT resources, are not difficult to implement, and provide ongoing savings of time and money. They’re out there.
(Excuse me, vendors are calling to ask about their invoices and I must stop what I’m doing and go answer them….)
To learn if vendor self-service could be your low-hanging fruit, download the special report, “How Vendor Self-Service Reduces Cost and Enhances AP Customer Service.”
Related Articles
Explore more insights, strategies, and perspectives related to this topic.
Need Help? We’ve got you covered
Explore answers to common queries and get the information you need from the experts at Financial Operations Networks.
Financial Operations Networks (FON) is a financial operations company whose products help accounts payable teams prevent payment fraud: VendorInfo, a vendor portal; InvoiceInfo, a supplier portal; DisbursementControls.com, a membership resource for disbursement controls; and VIMCOE, which provides accounts payable certification. FON is a Nacha Preferred Partner.
FON strengthens front-line control points across vendor onboarding, supplier maintenance, and payments — verifying vendor information, validating bank account ownership, running compliance checks, and reducing exposure to business email compromise (BEC) before payments are made.
VendorInfo is a vendor portal for onboarding: it verifies tax IDs, screens OFAC and validates bank account ownership before a vendor is paid. InvoiceInfo is a supplier portal for after the invoice: suppliers look up invoice status, payment dates and remittance advice themselves instead of emailing AP. Both sit on top of the same ERP and are often used together.
Yes. FON offers specialized programs including the AP Payment Fraud Prevention Certification and the Accredited Vendor Information Professional (AVIP) Certification to help finance professionals strengthen expertise and advance their careers.
Request a demo and our team will walk you through how FON can strengthen your controls, reduce fraud exposure, and improve AP efficiency based on your organization’s goals.
Our team is happy to help. Reach out and we’ll get back to you quickly.
Talk to our teamBrowse every FAQ