Part 1: The Current View of Accounts Payable
Driven by the potential impact on working capital and the opportunity to generate savings across the larger purchase-to-pay process, finance and business executives are looking to AP to deliver more value.
Part 1 of this independent research report, compiled from nearly 200 AP and Finance professionals, presents a comprehensive view into the state of AP today as well as the drivers shaping AP’s priorities and plans this year and beyond.
Topics covered include:
- Top Priorities for AP: 63% say reduce processing costs, 37% say improve reporting and analytics around AP
- Top Challenges for AP: 44% say delay in receiving matching information, 43% say length of time for invoice approvals
- AP Organizational Structure: 52% centralized, 28% Shared Services Center, 13% decentralized, 7% outsourced
- Expected Changes Next 2-3 Years: 44% say paper invoices will decline; 38% less manual tasks, more strategic activities; 37% AP process sill be largely automated
Click below to download part 1 of ePayables 2014: The Quest to find out more