Why an Open Business Network is Critical for Digital Transformation

Across the entire spectrum of business processes, companies are turning to digital transformation strategies to streamline and enhance their back-office operations. With a successful digital transformation initiative, organizations can achieve significant efficiency gains, glean unprecedented insights into their transactional data, and unlock new opportunities for themselves and their partners.

One of the key ways to accomplish this transformation within Accounts Payable (AP) is to eliminate inefficient manual processes by adopting automated AP solutions. As companies must manage a significant number of both incoming and outgoing document processes, they are looking for versatile, interoperable solutions that can also handle Accounts Receivable (AR) invoices.