Everyone wants to be the best, right? Becoming a best-in-class AP department is all about analyzing your current processes and procedures and adjusting them in order to make them more efficient, strategic and cost-effective.
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What’s up with the state of ePayables? We teamed up with Ardent Partners to figure out just that in their report, “The State of ePayables 2021: Operating in the New Normal.”
Technology is surging and the future of accounts payable looks promising. Transforming AP is achievable and encouraged as more and more companies are embracing digital transformation and passing up companies that are lagging behind.
In our previous blog post we highlighted the top challenges that AP staff are reporting. These included invoice exceptions, high invoice processing costs, lack of invoice and payment visibility, long invoice and payment approval times, and too much staff time spent handling supplier inquiries.
The use of technology is surging, but there are still problems that are plaguing AP teams and causing them to lose money, time and a competitive edge.
What do you get when you pair accounts payable automation technology with payment automation technology? The ultimate time- and cost-saving toolkit that drives efficiency and streamlines processes from start to finish.
When it comes to the future of enterprise technology, artificial intelligence (AI) is the name of the game.