The State of ePayables 2023: Paving the Way for a Smarter Future
As the world enters a new era of technological innovation, the accounts payable (AP) function is on the cusp of a major transformation. The emergence of new technologies, such as artificial intelligence (AI) and predictive analytics, has created a new wave of opportunities for AP professionals to streamline processes, reduce costs, and provide greater strategic value to their organizations. This report provides a comprehensive view of the current state of AP and how new innovations are paving the way for a smarter future.
Producing this annual report has kept Ardent Partners’ analysts in constant dialogue with AP, finance, and P2P leaders and at the forefront of ePayables research for the past 18 years. This year’s report examines the general competencies and capabilities of AP organizations, highlighting the management strategies and tactics that leading departments have utilized to drive their organizations forward over the past few years, as well as their plans and priorities for 2023 and beyond.