6 Attributes of a Best-in-Class Accounts Payable Operation
This white paper from the AP & P2P Network explains the six attributes of best-in-class accounts payable departments, and shows how electronic invoicing contributes to each one. This six attributes differentiate best-in-class accounts payable operations – which typically have the highest levels of automation – from their peers.
Accounts payable departments can be sure they are getting the most from their automation investments by measuring themselves against their peers in six critical areas. Read the whitepaper to find out.
A Few Stats from this Whitepaper:
- 17.6 percent of controllers reported that the inability to effectively maximize early-payment discounts from suppliers (According to IOFM)
- 70 Percent of CFOs want to capture more early-payment discounts (According to PayStream Advisors)
- 17 percent of payables departments say invoice data entry is their top challenge (According to IOFM)
- 42 percent of businesses plan to deploy dynamic discounting within the next two years (A study by Ardent Partners)