25 for 2025: 25 Accounts Payable New Years Resolutions!

Warning: Number 25 will shock you!

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Just like how LeapAP makes your accounts payable quick and easy, here are 25 quick (and well, not all easy maybe) New Years Resolutions for 2025 that will  transform your accounts payable (AP) process into a powerhouse of efficiency and effectiveness. 

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1. Go paperless - Save the trees! If you still see paper flying around, goodbye to filing cabinets and hello to digital bliss.
2. Check out of checks - With check fraud continuing to rise, continue the journey towards electronic payments
3. Streamline invoice submission methods - How many ways are you getting invoices? Still have those “special” vendors who you let drop off a hand-written on a paper napkin invoice? 
4. Track how much time is really spent on AP - Many leaders and owners are surprised when they see how much time is actually spent on the books
5. Audit your month-end close calendar - Take the time to really walk through the list. What’s working, not working, and what can be done more efficiently? 
6. Live Laugh Love - even though this is an AP resolution list, a random generic resultion is still OK right?
7. Standardize your approval workflow - Create clear, consistent steps for invoice approvals.
8. Reduce manual data entry - Let technology handle the heavy lifting.
9. Enhance transparency - Provide clear visibility into your AP process for all stakeholders.
10. Minimize late fees - Stay on top of payments to avoid unnecessary costs.
11. Strengthen fraud prevention - Assess your current risks (e.g. fake invoices, missing approvals, checks) and address the gaps.
12. Eat healthier and exercise more - whoops, this one’s from my own list!
13. Optimize payment methods - Adopt faster, more efficient payment options.
14. Improve cash flow management - Align AP with your overall financial strategy.
15. Reduce payment cycle times - Speed up the process from invoice to payment.
16. Track KPIs - Monitor metrics like processing time and payment accuracy.
17. Embrace online & mobile access - Approve invoices and monitor payments on the go.
18. Keep my room clean - whoops, and now one of my kid’s resolutions made it in here! (Editor’s note: it’s already broken…)
19. Celebrate AP wins - Recognize your team’s achievements regularly.
20. Improve vendor communication - Vendors love clarity, make sure they know your invoicing expectations and keep them happy with timely updates.
21. Integrate your AP and accounting software - Ensure seamless data flow across systems. Is your AP system fully integrated? Should it be? 
22. Get the right support - If you use an AP solution, ensure they are providing good service and support.
23. This one is a test - have you made it this far? Congrats and thank you for reading! :)
24. Commit - pick a goal and commit to it! Per our client Quarter Park management, I wish I adopted AP automation sooner!
25. And finally…. Consider partnering with LeapAP!! - Transform your AP process with the top automation platform designed for property management.

Is 2025 the year to make accounts payable easy? Click here to setup a call with our team!