For a property owner or manager, competing in today’s market means eliminating inefficiencies that clog workflow and waste resources. Toward that end, some owners/managers are installing a technology offering extended power of core property management software to centralize, automate, and streamline accounts payable. That offering is an electronic–or paperless–A/P system which can dramatically reduce per-invoice costs by minimizing labor and costs associated with copying, stamping, filing, mailing and storage.

In the traditional payables approach, invoices pass through numerous hands. Thousands of invoices could translate to literally millions of touch-points, with a corresponding increase in cost, potential mistakes, and delays. In contrast, keeping touch-points to a bare minimum with an electronic A/P system reduces cost and eliminates the labor and frustration that inevitably accompany error. Furthermore, resources are freed up for higher-value tasks.

Centralizing A/P creates the ability to standardize policies across the entire portfolio, and it places oversight and control right where it should be: in the owner’s and manager’s hands. And going paperless carries an added advantage of boosting sustainability efforts by eliminating thousands of pieces of paper and the incalculable carbon footprint associated with moving a massive volume of paper around an organization.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.