Paper is out; automation and digitization are in. No surprises there: Just look at the publishing industry and think about the last time you actually read a newspaper., the ever-surging dominance of online communication has virtually eliminated cards and letters, and yet accounts payable is still stuck in the 80’s or even earlier. Yes, accounts payable management is no exception when it comes to process improvement via automation, digitization and cloud-based innovation.
How do you streamline your accounts payable process? Here are three big-ticket tips to transforming your accounts payable process into one that slims down resource usage and beefs up that bottom line.