The 2023 Guide to Accounts Payable Transformation

In the age of same-day shipping and instant person-to-person payments, the phrase “the check is in the mail” sounds antiquated. And it is. Even as organizations continue their march to digital payments, plenty of paper still exists.

Most organizations have transformed some of their accounts payable (AP) by automating pieces of the process or certain payments types. However, they still struggle with paper invoices and checks, as well as paper-based processes, which are costly, complex, slow, and error-prone. Indeed, most modern AP departments have a mishmash of antiquated processes and attempts at automation.

Unfortunately, many automation initiatives won’t deliver the desired result of a cost-effective, streamlined, and secure AP process. Businesses often cobble together distinct technologies, processes, and vendor onboarding approaches for invoice automation and payment automation, which makes visibility across the complete invoice-to-pay life cycle impossible.

If instead you implement an end-to-end integrated solution that streamlines your entire process — from invoice receipt through payment — you can truly transform your AP function. Not only will this solution help drive efficiency and productivity, it will help you optimize working capital, improve your vendor relationships, and maximize payment security.

Whitepaper from