Accounts Payable Metrics that Matter in 2024

Ardent Partners latest report reveals the strategies and technologies Best-in-Class AP teams are deploying to stay ahead of the pack.

Why do metrics matter? Why are they even more critical in 2024? Effective use of real-time metrics enables continuous improvement, facilitates setting proper goals, and ensures course correction – all critical factors in a very competitive landscape.

Ardent Partners’ latest ‘Accounts Payable Metrics that Matter’ report shines a light on the current state of accounts payable and its continuing evolution. Sponsored by Tradeshift, the full report reveals the strategies and technologies Best-in-Class AP leaders use to optimize performance.

Here’s a glimpse of what you can learn from the report:

  • AP’s rising star: AP departments are increasingly recognized for their strategic value. Are you among the high percentage perceived as “very” or “exceptionally” valuable by stakeholders?
  • The age of AP innovation has begun: Is it time to consider AI? Technological advancements like AI and data analytics offer AP departments a chance to streamline processes, reduce costs, and deliver greater value.
  • Smarter future starts now: Improving reporting and data analytics remains a top priority for AP leaders, enabling better decision-making and informed planning. Are you leveraging your data to stay ahead of the competition?
  • A more strategic agenda for 2024: Is your AP department digitally transformed? Beyond improved reporting, AP leaders prioritize enabling electronic invoicing, automation, eliminating paper tasks, and reducing processing costs.

How does your AP department stack up? Is it ready to take the next step and enter the age of intelligent accounts payable? Download the report to find out.

Access the full Ardent Report

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.

Our clients

You may also be interested in…

Future casting thumbnail (1)

Future Casting: A Look at Al-Driven AP Automation Transformation

In this downloadable whitepaper, IOFM partnered with Tradeshift, a market leader in accounts payable automation, to explore the benefits of a truly automated AP process – one that should manage your processing tasks by handling all the repetitive, manual work and free up your team to build relationships and create value.

Read more

Rolf - thumbnail

AP Automation and AI: Business Networks and Artificial Intelligence, a match made in heaven.

The past 18 months have seen an explosion in interest and innovation around artificial intelligence (AI). Businesses worldwide are racing to catch up, and according to Gartner, 90% of CFOs plan to level up spending on AI-driven tools in 2024.

We caught up with Rolf Njor Jensen, SVP of Engineering at Tradeshift, to understand how his team is deploying AI and machine learning within Tradeshift.

Watch the interview


Ada - your new AI partner for AP efficiency

Ada works alongside your team, automating time-consuming tasks and providing valuable insights. This next-level AI within Tradeshift Pay utilizes machine learning to automate invoice and credit note coding, matching and workflows, freeing you to focus on strategic tasks.

Learn more about Ada