Accounts payable is a complex function that’s inundated with manual processes—creating inefficiencies with supplier communications, tax form collection, interfacing with banks, and reconciling payments.
For high-functioning finance teams, manual operations lead to more errors, increased costs, and reduced service levels. But AP does not have to be an obstacle to success. Today’s modern companies are eliminating 80% of their accounts payable workload by automating the entire supplier payments operation.