Imagine a future where accounts payable is digital, profitable and strategic.

While this idyllic future for accounts payable may sound far-fetched – particularly to organizations struggling to manually process paper invoices – it is closer than you think. In fact, organizations are making great strides in transforming their accounts payable function, according the results of a new survey conducted by the Institute of Finance and Management (IOFM) and sponsored by Esker.

IOFM and Esker conducted the survey to better understand the future of accounts payable: