Businesses are asking more of their accounts payable departments.
Accounts payable is expected to transform from a tactical back-office function into a hub of strategic real-time information for better controlling outbound cash flows to:
• Improve working capital
• Mitigating payment fraud
• Strengthening supplier relationships
Meeting this challenge will require accounts payable departments to automate their manual, paper-based processes and adopt integrated, digitized invoice-to-pay solutions.