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:
- Heightened Risk Exposure: Remote work disrupted approval chains, increasing payment fraud risks and compliance gaps due to unreliable email routing and limited oversight.
- 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.
- Missed Payment Terms: Manual data entry and siloed systems delay processing, leading to late fees and lost early payment discounts.
- 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.
