Research Report: 2019 State of Accounts Payable
Research shows that accounts payable is now in the midst of a major transformation, and not all seniority levels that play a role in AP are viewing this transformation the same way. Within the 2019 State of Accounts Payable, we showcase the major trends taking place in AP, including:
- Shifts in how businesses are paying other businesses
- Movement toward automated processes throughout the invoice management lifecycle
- Escalation of fraud and its impacts across businesses of all sizes
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CFOs at mid-size businesses that strive to eliminate inefficient and tactical activities from everyday business processes—by elevating the activities of their accounts payable staff to the strategic level—can generate several key benefits for their companies.View Whitepaper
Businesses now face increasing fraud risk, creating significant challenges for accounts payable teams. Last year, 78% of businesses were negatively impacted by payments fraud and suffered from financial losses, reductions in efficiency, and damage to corporate brand image.View Whitepaper