Your AP Department Collects Valuable Data. Are You Unlocking Its Full Potential?

All organizations today are focused on one thing: doing more with less.

Simply put, the strongest companies are interested in scaling without adding more people so they can process more transactions with the same amount of resources. Doing that requires making shrewd investments in automation that enables you to move faster, eliminate repetitive manual tasks, and get the information you need to make the best decisions.

In an effort to increase organizational productivity and boost profitability, more and more organizations are investing in their accounts payable (AP) departments. AP is moving from paper-centric processes that manually handle invoices to automated processes that resolve invoice exceptions, feed information to ERP, and generate real-time views into payments and cash. With these changes, AP evolves from a back-office function to a strategic hub of intelligence for the entire organization. In fact, a recent study from Ardent Partners found that 60 percent of organizations consider AP to be “very” or “exceptionally” valuable to their operations.

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