As the year nears its end, most people are reflecting over the past 12 months and considering goals for the New Year.
One study found that roughly 80 percent of people who set New Year’s goals fail by mid-February. Those who manage to stick to their resolutions do so because they see immediate benefit — like better-fitting jeans or an improved credit score.
In other words, according to the 2016 study, if participants were getting immediate rewards from their new habits, they would be more likely to stick to them.
When you think about your goals for your bank or credit union, do they yield immediate benefits? If not, then you should consider adding automation of your AP processes. A decision to automate your accounting processes could reap rewards in productivity, efficiency, and compliance and enable you to reclaim valuable employee time, reduce check fraud, and generate income back to your bottom line. Here are three resolutions to consider adding to your company’s goals: