Accounts Payable Automation: Keeping Your Processes In The ‘Safe Zone'

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Beth Hampton
09/08/2020

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Your Accounts Payable (AP) department is responsible for so much more than just paying incoming bills and invoices. Organizations can find themselves at risk of losing
money due to preventable, mismanaged manual invoice practices, poor AP processes, and accidental duplicate invoicing. This creates unnecessary expenses.

The coronavirus (COVID-19) has forced people – and businesses – to re-evaluate how they operate on a daily basis, and no doubt your AP operations will have felt the strain. Your company’s had to act quickly but rationally – rethinking policies, adjusting work processes and grappling with uncertainty. And to keep your company running, AP’s role has become more important than ever. There are still invoices to process, bills to pay, expenses to reimburse and queries to answer.

But how is your AP department supposed to carry out its “normal” operations when things are anything but normal?

Whilst there are many processes that might benefit from re-engineering and automation, the very nature of invoice processing and management truly does lend itself perfectly to a more automated and systematic approach.

In partnership with Kofax, SSON ran an industrywide AP Automation Maturity survey, gaining insights from all over the world into how companies are growing their payables efficiency. In this report, we’ll explore the findings of this survey and report on the advantages of automating your AP operations. Download below to read the full report!

We respect your privacy, by clicking "Download Your Copy" you will receive our e-newsletter, including information on Podcasts, Webinars, event discounts, online learning opportunities and agree to our User Agreement. You have the right to object . In addition, you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. For further information on how we process and monitor your personal data click here. You can unsubscribe at any time.

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