Research Report: 2018 State of Accounts Payable
For the third consecutive year, MineralTree surveyed accounting and AP professionals at middle market companies to find out how they handle invoices and which attitudes and concerns are the driving forces behind the modernization of the AP process.
Key findings in this year’s report include:
- AP Professionals continue underestimating the cost of processing invoices
- Credit card usage for vendor payments is on the rise
- Automation is becoming adopted more widely
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Corporate credit cards in AP should be an integral part of a business’s Cash Management strategy, but it’s not. The objective of this research is to assess the current state of commercial credit card use in AP.View Whitepaper
While purchase orders provide greater visibility and control, they also create headaches for AP departments. AP automation is the key for purchase order to invoice matching.View Whitepaper