Accounts Payable Metrics that Matter in 2020 from Ardent Partners
AP’s Value Game Plan: Automate and streamline processes by ditching the paper and manual bottlenecks.
According to Ardent Partners’ Accounts Payable Metrics that Matter in 2020, a compilation of the industry’s best and most widely-used accounts payable benchmarks, AP is in an interesting position these days.
Accounts Payable is increasingly seen as exceptionally valuable to organizations, but the function is also plagued by persistent challenges — specifically, too much paper, too many exceptions and too long of an approvals process.
As you’ll read in this report, all of those challenges — and others — are completely fixable through a combination of strategic initiative, enhanced collaboration, deeper analytics capabilities and the implementation of smarter systems (read: process automation) that drive efficiency.
- The rise of electronic invoicing — and why it has to rise even faster.
- What’s ahead for the next generation of AP (hint: your skillset will have to expand) and what will AP look like in the years to come.
- Why the key to unlocking true and lasting AP value, as well as organizational potential, lies in tapping your vast data trove.
Download the report to get a clear read on how current AP challenges will best be solved, as well as benchmarks to measure your own performance and increase value against.