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AP Automation: Benefitting More Than the AP Team

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We often discuss how to build a Best-in-Class AP department with improved AP efficiency,  better cash flow visibility, and cost reduction. However, as Andrew Bartolini and Matthew Delman discuss at Payables Place in their article, Who Benefits from AP Automation? automating accounts payable benefits more than just the AP team. In reality, the entirety of the enterprise stands to gain significant advantages from increasing the use of technology in the AP workflow.  AP automation, while ostensibly only for the accounts payable team, actually has a much wider impact than the simplification of the invoice-approval workflow. Both internal stakeholders, such as procurement and treasury, … Continue reading