Infographic: Top Challenges for Accounts Payable
The Accounts Payable industry continues to face a number of challenges when it comes to optimizing their processes and providing visibility to the entire organization. This is despite the fact that more and more executives are recognizing that AP has the potential to serve as an essential strategic asset.
In a recent eBook, Ardent Partners and Corcentric report that 52 percent of organizations consider their AP function “very” or “exceptionally” important to their operations. That doesn’t mean it’s smooth sailing for Accounts Payable. In Ardent Partners’ Accounts Payable Metrics that Matter in 2019, the research firm summarizes where obstacles still exist and proposes a plan of action that can bring AP departments to a ‘Best in Class’ category.
Start with the issues still plaguing Accounts Payable, then download the ebook to outline a path forward.