The role of accounts payable (AP) is shifting to be more efficient, effective, and strategic. AP has the ability to help drive out costs, improve its scalability, and add revenue to the organization. The effective deployment of AP automation allows for better communication with trading partners and a reduction in costly defects while supporting a revenue/rebate model for payments. This session will review critical issues within the payables domain and explore methods and tactics to improve the overall value of AP and its positioning within finance, featuring a continual exchange between the two finance domains of AP and treasury in the context of a more comprehensive look at AP processes and value.
In the world of modern business, achieving efficiency and cost-effectiveness is crucial to success. However, a common problem that hinders this goal is defects within critical business processes. Among these, the accounts payable (AP) process stands out as a prime contributor to inefficiencies and financial losses. But what exactly fuels these defects? There are two primary sources:
1. Manual processes and handoffs.
2. Poorly designed processes with limited scope.
Understanding the AP process and the advantages of automation is crucial. This understanding goes beyond just the steps in the process; it includes how information is used, managing available funds, optimizing working capital, reducing risks, preventing fraud, and increasing overall business adaptability. Join us in this informative webinar as we uncover the surprising impacts that automation can have on the AP process.
This webinar will cover and provide insights on the results of the 2021 Modernizing AP & AR Processes Survey, specifically focused on the accounts receivable (AR) data. The survey examined various practices and plans, the influence of recent disruptions, and pain points and other drivers for modernizing and automating AP and AR processes.
On this episode of the Treasury Update Podcast, Host Craig Jeffery sits down with Chris Clausen, Executive Director of Product Management at Deluxe Corporation, to discuss practices and plans for modernizing and automating accounts payable processes. They examine the influence of recent disruptions, the calibration of various pain points that drive change, and other motivators. Listen in to the discussion to find out more.
This webinar will cover and provide insights on the results of the 2021 Modernizing AP & AR Processes Survey, specifically focused on the accounts payable (AP) data. The survey examined various practices and plans, the influence of recent disruptions, and pain points and other drivers for modernizing and automating AP and AR processes.