How to make cash "flow" – and turn Accounts Payable into your new value engine

Visibility has to come first. That's the lesson all finance departments have learned the hard way this year. That, and cash is more king than ever.

In a world of instant results and automated workloads, the potential for Accounts Payables to drive insights and transform results is enormous. But, if you’re still relying on time-consuming manual AP processes, you risk high numbers of exceptions and errors, lengthy invoice processing cycle, and late payments.

The solution across all back office processes – but none more so than Accounts Payable – has been to reach for end-to-end automation. And that starts with touchless invoice processing.  

The benefits include bigger savings, vastly improved compliance, and clear visibility over current activity.

This report highlights the AP automation journey, and shares lessons learned and benefits gained at ADT & Tyco and Mohawk Medbuy.

Basware is the only procure-to-pay and e-invoicing solution provider that empowers businesses with 100% spend visibility through 100% data capture. Our cloud-based technology enables organisations to fully manage their spend, mitigate financial risk and reduce the cost of operations via automation. With the world’s largest open business network and an open technology ecosystem, we are uniquely positioned to deliver the solution required for Visible Commerce, which provides customers with complete transparency into all the flows of money, goods, and services around the world. A global company, Basware has offices in 14 countries and is traded on the Helsinki exchange (BAS1V: HE).