Work life is better when you feel you bring value to your organization. Accounts Payable is an absolutely critical entity in any company, but AP departments may struggle with feeling like their work is not as strategic as that of others on the org chart.
In fact, a 2016 study of AP professionals by Ardent Partners found that 34% viewed transforming into "a more strategic and agile business function" as a primary goal for the next 24 months. Meanwhile, 41% aimed to reduce processing costs, 28% wished to improve reporting and analytics around AP, and 26% hoped to improve collaboration with suppliers in 2016.
Doing all of this in one, or even two, years seems pretty daunting. But the right AP automation approach can actually tick all of these boxes, effectively transforming an AP department from a less-than-agile cost center into a more efficient, more transparent, more strategic operation that brings significant value to both your organization and the vendors with which you do business. How?