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Download: Achieving Sustainable Improvements with AP Automation

Learn how AP automation helps finance teams overcome remote work challenges, reduce invoice cycle times by up to 90%, cut payment errors, minimize risk exposure, and unlock better visibility into spend, turning accounts payable into a strategic growth engine.

Download this authoritative guide now to position your accounts payable department to thrive in today’s challenging business environment:

Expert Insights

As remote and hybrid workforces become the norm, traditional accounts payable (AP) processes have reached a breaking point. The shift away from paper-based workflows has revealed key vulnerabilities in manual AP systems, including:

  1. Heightened Risk Exposure: Remote work disrupted approval chains, increasing payment fraud risks and compliance gaps due to unreliable email routing and limited oversight.
  2. Increased Supplier Pressure: Economic uncertainty means suppliers are asking more frequently and urgently about invoice statuses, AP teams need real-time visibility to respond effectively.
  3. Missed Payment Terms: Manual data entry and siloed systems delay processing, leading to late fees and lost early payment discounts.
  4. Limited Reporting Access: Without centralized, searchable AP data, companies struggle to monitor liabilities, manage cash flow, and support audits efficiently.

This comprehensive guide from the Institute of Finance & Management reveals how a digital-first approach, centered on Enterprise Content Management (ECM), intelligent data capture, and end-to-end invoice automation, leads to measurable improvements:

  • Cut invoice approval times from days to hours (e.g., Masters Gallery Foods reduced approval time from 1 day to 1 hour).
  • Respond to supplier inquiries in real time with full document visibility.
  • Eliminate manual entry with intelligent capture and workflow automation.
  • Increase invoice match rates by 15–19% (as achieved by Tower Products, Inc.).
  • Reduce time spent searching for documents by over 90%.

Whether your team is fully remote, hybrid, or in-office, this guide shows how automation can reduce costs, improve accuracy, and position AP as a driver of business growth, not just a back-office function.