What if your AP department could realize a positive ROI and transform itself into a profit center?
Organizations are doing just that by reducing the cost of processing invoices and paying suppliers while earning cash-back rebates on electronic payments and capturing more early-payment discounts.
While this may sound too good to be true, many AP departments have successfully transformed themselves into a profit center, realizing a typical 60 percent to 80 percent reduction in invoice processing costs and 90 percent or more in savings from converting to electronic payments.
Becoming a profit center also raises the stature of AP– and the professionals who lead it.