AP Automation and Payments Guide for Resilience and Growth
Looking to boost efficiency, improve cash flow, and reduce risk within your organization? Download this eBook to guide your business to long-term success, resilience, and growth.
Maximize the Value of Accounts Payable, Electronic Payments, and Supplier Management
This guide provides a new approach to address the challenge of integrating AP, procurement, suppliers, and payments. By following the recommendations, you can set your organization on a path to greater resilience, faster growth, and lower risk. You'll also optimize cash flow, help your suppliers manage their liquidity, and mitigate the risk of fraud.
Download this eBook set your business up to thrive by better understanding:
- Ways to prevent AP and payments strategies from fail
- The importance of managing suppliers well
- The advantages of integrating payments and working capital management strategies
- A new operating model that will reduce risk, improve cash flow, and boost efficiency and resilience
In a world that’s changing rapidly and unpredictably, smart finance leaders set their businesses up for success by investing in processes and systems that enable agility. Their initiatives allow companies not only to respond to rapidly-shifting conditions but also get ahead to grow when the time is right.
FAQ
What are the four main reasons Accounts Payable and Payments systems fail?
First, AP and payment systems fail when there is inefficient invoice and payments processing. Moving to a digital process for invoicing and payments carries a huge potential to cut out low-value, manual work for AP teams.
Second, they fail due to the increased risk of fraud resulting from manual supplier management, onboarding, and screening.
Third, AP teams running highly manual processes don’t have the visibility they need to optimize payments for their company or for their suppliers.
Fourth, companies with ineffective payment strategies miss out not only on efficiency benefits in AP, but also on hard-dollar benefits of card and Early Payment Discount programs.
Download the AP Automation and Payments Guide to learn more!
Second, they fail due to the increased risk of fraud resulting from manual supplier management, onboarding, and screening.
Third, AP teams running highly manual processes don’t have the visibility they need to optimize payments for their company or for their suppliers.
Fourth, companies with ineffective payment strategies miss out not only on efficiency benefits in AP, but also on hard-dollar benefits of card and Early Payment Discount programs.
Download the AP Automation and Payments Guide to learn more!
What are a few of the benefits of integrating payments and working capital management processes into a Business Spend Management (BSM) platform?
1. Increase back-office efficiency: Cut out manual work from invoicing, payments, and reconciliations.
2. Improve cash flow: Enhance liquidity by extending DPO.
3. Efficiently onboard and manage suppliers.
4. Generate financial returns: Get more from card rebates and early-payment discounts.
5. Accelerate time-to-value / lower costs: Cut out IT cost and deployment delays by using pre-existing integrations with payment networks, banks, and your ERP.
Download the AP Automation and Payments Guide to learn more!
2. Improve cash flow: Enhance liquidity by extending DPO.
3. Efficiently onboard and manage suppliers.
4. Generate financial returns: Get more from card rebates and early-payment discounts.
5. Accelerate time-to-value / lower costs: Cut out IT cost and deployment delays by using pre-existing integrations with payment networks, banks, and your ERP.
Download the AP Automation and Payments Guide to learn more!
What are several components of the recommended approach to AP automation and payments?
The new approach to AP automation and payments that will drive ROI and improve business agility include the following:
1. Digitization of invoicing and payments to improve efficiency and avoid fraud
2. Driving supplier adoption to ensure results
3. Balancing cash flow and supplier risk management
Download the AP Automation and Payments Guide to learn more!
1. Digitization of invoicing and payments to improve efficiency and avoid fraud
2. Driving supplier adoption to ensure results
3. Balancing cash flow and supplier risk management
Download the AP Automation and Payments Guide to learn more!
