ePayables: Higher Ground –
The State of ePayables
Chapter two from Ardent Partners’ in-depth study
In its annual look at the world of e-payables, Ardent Partners reports that this year the importance of improving financial operations and driving accounts payable (AP)’s cost-cutting efforts is greater than ever. Based on the experiences and perspectives of 175 AP and financial pros, Ardent Partner’s research shows that automation is the tool best equipped to combat these challenges, contributing to processing cost reductions that can be as high as 60 percent to 80 percent compared to paper-based methods.
This chapter looks at a wide-range of technology solutions that automate and streamline all or part of the AP process, and provides an introduction to Ardent Partners’ proprietary ePayables Framework. Read this chapter to learn…
- how the ePayables Framework helps AP get a clear view of current operations and how to improve them
- what top challenges AP is facing today
- which e-payables solutions are currently used and which will be used in the next 12 to 24 months
- why e-invoicing solutions are of interest to AP and how business networks facilitate supplier participation
This is a 17-page chapter. You can download the full 40-page report here.