Here are few of the reasons why supply chain managers are increasingly embracing P2P and AP automation to build smarter systems that increase efficiency, lower costs and put their organization in a position to thrive while they scale.
It’s safe to say the pandemic transformed businesses across all sectors of the economy.
The Coronavirus disease (COVID-19) forced organizations to accelerate investments in technology as they sought to keep remote teams connected and automate workflows while moving further along in their digital transformation journeys.
Because cash flow is the lifeblood of all businesses, companies were forced to rapidly determine how to optimize their accounts payable (AP) and procure-to-pay (P2P) functions to ensure operations could continue humming along when teams started working from home overnight.
During this transition, shrewd organizations made investments in powerful AP/P2P automation technology that leverages artificial intelligence (AI) and machine learning (ML) to transform AP from a tactical business function into a strategic one.
Here are few of the reasons why supply chain managers are increasingly embracing P2P and AP automation to build smarter systems that increase efficiency, lower costs and put their organization in a position to thrive while they scale.