Invoice-to-Pay – Unlocking the secrets of the accounts payable top performers
2 min read
A recent Hackett report identified that top-performing organisations, with high levels of AP automation, could save up to 54% on invoice processing costs while having only a third of the internal employees focused on AP of other organizations.
By: Ivalua
Date: 20 Oct 2020
The performance of your Accounts Payable (AP) department can have a significant impact on the organization. Recent trends have increased the strategic importance of an effective, transparent Invoice-to-Pay process, managed by AP. Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation.
A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments. The Covid-19 pandemic has increased the importance of effective cash management, of which Invoice to Pay is a key lever.
This whitepaper looks at the new digital world of invoicing and payments to offer a new perspective on how to overcome key challenges in AP automation and ensure you are ready for the new post-pandemic contactless age.
Download the whitepaper now to get the answers to these critical questions:
- Why do top performing organizations focus on Invoice-to-Pay and what are the benefits?
- How to overcome the barriers stopping supplier adoption and real automation?
- What are the key AP capabilities you should focus on to deliver a seamless Invoice-to-Pay process?