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Automation is More than Cost Savings

Chen Amit, co-founder & CEO of Tipalti and a member of the Forbes Technology Council, shares his perspective on business automation in back-office and mundane tasks, including why it’s not just about cost savings and how companies like Tipalti can free up limited resources in smaller companies.

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Key Takeaways

  • Automation can not only reduce costs, but also frees up employees to focus on the core aspects of the business
  • By automating back-office and mundane tasks, such as payroll, finance staff has more time to be more strategic
  • By using a platform such as Tipalti, an organization can reduce financial and compliance risk

 

Tweetable Insights

“If you’re executing manually on things that you shouldn’t, then you’re wasting cycles where you can use your own resources as a leader, your team’s resources more effectively by focusing on the core tasks, the core values and the strategy of the company.” – Chen Amit of @tipalti

“If you provide more automation, you free yourself, your team, your managers, to be more strategic”- Chen Amit of @tipalti

“For example, if the VP of finance or the CFO… have to deal with an accounts payable task, that’s not core for them, that’s not where they should spend their time.” – Chen Amit of @tipalti

Featured Member

Chen Amit is an accomplished tech executive, repeat entrepreneur, and the co-founder and CEO at Tipalti, the leading global payables automation provider. Prior to Tipalti, Chen was CEO of Atrica, a Carrier Ethernet company that Nokia-Siemens acquired. Before Atrica, Chen was co-founder and CEO of Verix, a provider of business intelligence software. In addition, while at ECI Telecom, Chen founded their ADSL business unit and led it from inception to $100 million in annual sales.

Automation is More than Cost Savings

Chen Amit, co-founder & CEO of Tipalti and a member of the Forbes Technology Council, shares his perspective on business automation in back-office and mundane tasks, including why it’s not just about cost savings and how companies like Tipalti can free up limited resources in smaller companies.

SUBSCRIBE

Key Takeaways

  • Automation can not only reduce costs, but also frees up employees to focus on the core aspects of the business
  • By automating back-office and mundane tasks, such as payroll, finance staff has more time to be more strategic
  • By using a platform such as Tipalti, an organization can reduce financial and compliance risk

Tweetable Insights

“If you’re executing manually on things that you shouldn’t, then you’re wasting cycles where you can use your own resources as a leader, your team’s resources more effectively by focusing on the core tasks, the core values and the strategy of the company.” – Chen Amit of @tipalti

“If you provide more automation, you free yourself, your team, your managers, to be more strategic”- Chen Amit of @tipalti

“For example, if the VP of finance or the CFO… have to deal with an accounts payable task, that’s not core for them, that’s not where they should spend their time.” – Chen Amit of @tipalti

Featured Member

Chen Amit is an accomplished tech executive, repeat entrepreneur, and the co-founder and CEO at Tipalti, the leading global payables automation provider. Prior to Tipalti, Chen was CEO of Atrica, a Carrier Ethernet company that Nokia-Siemens acquired. Before Atrica, Chen was co-founder and CEO of Verix, a provider of business intelligence software. In addition, while at ECI Telecom, Chen founded their ADSL business unit and led it from inception to $100 million in annual sales.

Join Forbes Councils

Our featured guests are members of Forbes Councils. If you are a successful entrepreneur, executive, or business leader, you may qualify.

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