The so-called “Great Resignation” has impacted almost every business function, according to Forbes. With more than 4 million workers resigning each month over the last year, the Great Resignation has continued into 2022.

While the resignation trend is a real-world phenomenon, the name “Great Resignation” can be misleading as most aren’t quitting their jobs outright. Rather, they are seeking greener pastures.

Fueled by the COVID-19 quarantines, workers around the world have taken stock of what matters most in their lives, Forbes said. The pandemic also forced layoffs and firlots, putting heavier workloads on mid-career professionals. Decreased job satisfaction and new life priorities have caused many to raise the bar, with many workers no longer willing to accept anything less than better work-life balance and better wages.

For in depth reading on this subject and more data, read our full post on The Accounting Great Resignation

Decrease Accounting Workloads and Enable Remote work with AP Automation

Without effective automation, accounts payable is one of the most tedious and labor intensive back office workloads. The fact of the matter is that we are rapidly approaching the quarter-century mark and it’s no longer viable for companies to require AP staff to work long hours in the office chasing signatures, tracking down lost invoices, shuffling paper and stuffing envelopes.

“The fact of the matter is that we are rapidly approaching the quarter-century mark and it’s no longer viable for companies to require AP staff to work long hours in the office chasing signatures, tracking down lost invoices, shuffling paper and stuffing envelopes.”

The right automation solution can reduce invoice processing times up to 80% over manual processing. With a cloud-based AP automation solution, businesses can save money, reduce workloads and enable remote work. These business benefits translate to human benefits of better work-life balance and more time to focus on the parts of their jobs that bring them joy.

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“When COVID hit, we wanted as few people in the office as possible, but AP was finding they needed to be in the office or make frequent trips to the office,” says Kim Bernard, Director of accounting at First Atlantic Healthcare who recently automated their AP.

“Without Fidesic, we would still be in paper format,” says Bernard. “I'd have frustrated AP staff and they'd also be somewhat disgruntled about having to work in the office just to shuffle paper.” 

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Related: Dynamics GP Roadmap 2021-28 and GP Modern Life Cycle

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