The task list for the average AP employee is growing rapidly. In 2021 alone, 77% of AP professionals found themselves tasked with processing invoices while less than one-third dealt with suppliers. This isn’t a surprise. After all, processing a single invoice from start to finish can take over a week. With 82% of invoices coming …
The last few years have put pressure on accounting operations and highlighted the power of digitized departments. Prior to the pandemic, accounting departments across the globe were already stressed. A proliferation of manual tasks left them exhausted and wasted their talents. In fact, nearly 50% of small and mid-market businesses received paper invoices. Accounts payable …
Intelligent automation – buzzword or asset? Like most financial technologies, it’s a little bit of both. How the technology is used, and what makes up a specific automation solution, is just as important as the implication of digital transformation. As a combination of different automation technologies, including artificial intelligence, robotic process automation (RPA), and optical …
End-to-End Invoice Processing: The Power of Intelligent Automation Read More »
Seventy-one percent of accounts payable leaders say their department will automate further before year’s end. Even departments that describe themselves as “largely automated” plan to deploy more technology. But many accounts payable leaders are unsure of the best technologies and approaches to automation to use. Many are wondering what to do with their existing invoice …
IOFM Town Hall: The Accounts Payable Automation Answer Forum Read More »
Your procurement team has been hard at work scouting and onboarding vendors that can take the company to the next level. However, it’s the AP team that keeps these relationships on firm foundations. Late payments can strain or even destroy otherwise positive supplier relationships – even if the cause is due to a small error. …
Improving Supplier Relationships with Automated AP Read More »
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