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AI & Automation

How AI Can Reduce G&A Costs

Published
September 18, 2024
Vera - Cutting Admin Costs: How SMBs Can Save Thousands in Overhead

Admin Doesn’t Have to Be a Cost of Doing Business

SMBs lose up to 120 days a year to admin. The real question: what’s that time worth to your business?

— 3 min read —

The Hidden Costs of Admin

1. Time Lost to Manual Work

Admin tasks like invoicing, data entry, and compliance eat up hours that could be spent on growth. SMBs spend nearly one-third of the year on paperwork alone.

2. Talent Wasted on Low-Value Tasks

Hiring staff to handle admin increases overhead—salaries, benefits, and training add up fast. Worse, manual work is prone to errors, driving up costs even more.

3. Missed Opportunities

Every hour spent on admin is an hour not spent on product development, marketing, or closing deals. Founders we’ve spoken to say they lose nearly half their week to operational admin—directly impacting revenue.

How AI Admin Services Save Money

1. Reduce Payroll Costs

Hiring admin staff is expensive—global estimates put this cost at $46,000 per company. AI services like Vera provide an affordable alternative, handling routine tasks so businesses can invest in strategic hires that drive growth.

2. Automate Time-Consuming Tasks

Tasks like managing invoices, chasing payments, and tracking compliance deadlines are ideal for automation. AI services ensure accuracy, meet deadlines, and eliminate human error—so nothing slips through the cracks. 13% of businesses say they lack the resource to chase payments, AI can automate this for them.

3. Improve Cash Flow

Late payments choke SMB cash flow. Chasing late payments costs SMBs $3 trillion globally and research shows that businesses spend 15 days a year chasing invoices. AI services track, follow up, and automate collections—ensuring faster payments without hiring extra staff.

4. Avoid Costly Compliance Mistakes

Missed regulatory deadlines lead to penalties and last-minute scrambles. AI tracks requirements, flags upcoming filings, and keeps businesses compliant—without the stress.

The ROI of AI Services

Switching to AI-powered admin support isn’t just about cutting costs—it’s about unlocking new opportunities.

Hiring Savings

Instead of spending $46,000+ per year on admin staff, AI costs a fraction of that.

Time Savings

AI services like Vera can automate tasks that take up to 40% of employees’ time, turning wasted hours into productivity gains.

Revenue Growth

Less admin means more focus on expansion, customer acquisition, and strategic decisions.

Invest in AI, Invest in Growth

Admin is essential, but it shouldn’t hold your business back. AI-powered services like Vera help SMBs cut costs, improve efficiency, and free up teams to focus on what really drives growth.

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