Why AP Automation is the Fastest Route to Strategic Spend Management

We live in a tap-to-pay world where personal checkbooks are ancient history, digital money transfers are commonplace, and our “wallets” are embedded in our phones. Although consumers have embraced paperless tools for their own financial management, most corporate Accounts Payable (AP) departments are still operating old school. In fact, fewer than 20% of organizations have fully automated AP processes, and a full 70% of all invoice processing globally is still paper based. This resistance to change comes at a high price.

So, how can finance leaders orchestrate the AP change amid the realities of day-to-day business? Where do they begin? What should they consider? And how do they manage the change across their organization? This whitepaper features key insights and advice from industry experts from AvidXchange, TCG Consulting, and SAP Concur.