City of Hamilton: Automated Accounts Payable systems STUDENT NAME INSTITUTION

City of Hamilton: Automated Accounts Payable systems
STUDENT NAME
INSTITUTION

Introduction
 Automated Payables systems is a relatively new concept in accounting
 Automated payable system otherwise referred to as paperless payable is
efficient and cost effective
 The model does not use papers, which makes it environmental friendly
 It is one of the main IT developments in the field of accounting and
finance (Barnard et al., 2010)
 The city of Hamilton has already taken initiative to develop an automated
accounts payables system

Paperless Accounts Payable System
Implementation
 It can take an organization up to a year to implement a fully automated accounts
payables system
 As for the city of Hamilton, interested vendors were required to create a bidding
system
 The procurement department was assigned the role of going through the proposals
and identifying one that matches the city's requirements
 The vendor is also in charge of maintaining the system (Hamilton.ca, 2019)