How To Accelerate Time-To-Value from AP Automation
Download the latest IOFM white paper, sponsored by Tradeshift.
While many AP departments have automated their invoice-to-pay processes at least in part, achieving the full benefits of automation has proven difficult. A graveyard of failed AP automation and e-invoicing projects litters the finance landscape.
Poor technology decisions are only partly to blame for middling results from AP automation. A big share of the responsibility rests on an inability to guide genuine change within existing processes. Optimizing processes, delivering value, and embracing change are key to AP automation success.
Today’s CFOs need AP to become a strategic partner, driving efficiency and cost savings, unlocking working capital, and delivering actionable insights in cash flows and corporate spending. The stakes have never been higher for AP leaders to deliver on the promise of automation.
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The value of AP automation goes beyond cost savings
The key benefits of payables automation include not just transactional cost savings. The right platform will improve collaboration with your suppliers and help build resilience in your supply chain. Companies also need flexibility to scale and grow. AP solutions like Tradeshift, represent a platform that encourages you to grow at your own pace.
Tradeshift has millions of connections in over 160 countries in the world and we offer global e-invoicing compliance – so really, the sky is the limit.