What makes an AP department best-in-class? Each year, Ardent Partners puts together their “Metrics that Matter” report on the metrics that organizations use to measure success in their AP departments that make them top-performing.
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In today’s busy world, increasing productivity is the name of the game for businesses. Whether it’s faster production lines, quicker product development or more efficient data retrieval, having productive employees is critical in order to gain a competitive edge, save money and create higher employee satisfaction.
What makes an AP department best-in-class? Each year, Ardent Partners puts together their “Metrics that Matter” report on the metrics that organizations use to measure success within accounts payable that make them top-performing AP departments.
During times of crisis, like the COVID-19 pandemic, it’s natural to think that digital transformation would be put on the back-burner. Employees are already overwhelmed with major adjustments in both their personal and professional lives – how could they possibly fathom a transition in technology, too?
Whether we’re in the midst of a global pandemic or not, one priority of every company is to cut costs and save money. One area that is often wrought with forgotten costs is accounts payable.
Times are a’changing for many employers as they set their employees up to work from home. While working from home was becoming more and more commonplace even before the novel coronavirus struck, nowadays it is essential.
Times of uncertainty call for reliable technology. You have likely deployed a “work anywhere” workforce and have employees working from their home offices, living rooms, kitchen tables or backyards. During this time we at Metafile, along with many other technology providers, are touting the benefits of cloud technology. And for good reason! For organizations that typically operate within an office environment, cloud technology may not have been a priority. However, times have changed and, whether deploying a remote workforce is a temporary or permanent transition, it’s important to understand the advantages of technology, especially automation technology, hosted in the cloud.
Today’s workforce is becoming a remote one. More and more companies are transitioning their employees to remote workers, allowing them to save money on office space and equipment, as well as expand their hiring to a wider group of prospects.
Is your accounts payable department “next level?” When you consider your AP department, would you call it “innovative,” “agile” or “best-in-class?” Today’s top AP departments are embracing technology, streamlining processes and automating manual tasks. As automation becomes more commonplace, more AP departments are adopting it and reaping the benefits of it.