The impact of the pandemic on Accounts Payable

woman sitting at hone desk working on laptop

The pandemic has shown inefficient business processes to be inadequate in the current environment. Companies that rely on manual systems and processes face an uphill battle to maintain business as usual. In many organisations, accounts payable is an area that is struggling.

For organisations that have not automated their accounts payable function, the pandemic has further slowed processing times while simultaneously increasing costs. But the future of accounts payable is exciting! By leveraging innovative technology to streamline the invoice management process, the role of accounts payable will increasingly shift to undertake data analysis and provide insights to the wider business to drive growth and profitability. 

Download the whitepaper to learn how an automation solutions in accounts payable enables transparency, visibility, control, compliance, business continuity, data insights, cost savings and more.