Exploring The Invoice-to-Pay Process
Accounting technology is changing at a rapid pace as new advancements play a role in helping organizations operate more efficiently and securely. One of the most drastic areas of changes is the methods by which organizations process and pay invoices. Automation and electronic payments are beginning to replace the process of writing paper checks, physically passing them around for approval and signatures, and mailing them to billers.
The objective of this research is to uncover attitudes and preferences of technology usage among accounting and accounts payable (AP) professionals, with a particular focus on invoice processing and payment.
Between November 5 – 11, 2015, a total of 161 accounting and AP professionals completed a survey via SurveyMonkey, an online survey services provider.
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