Companies can approach payables automation from many different strategic angles and starting points, from invoice management tools to electronic payment programs. However, focusing solely on the invoice side of payables automation can prove to be expensive. AP management software implementation costs time and money—particularly for large, complex organizations with many suppliers and manual processes. When a company chooses to automate payments first, it can create a better environment for automating other AP functions down the line. A well-managed, strategic payments automation solution can increase rebates and discounts, resulting in recouped capital that organizations can use to fund further automation. This white paper is for enterprise organizations with limited AP and payments automation that seek ways to strategically improve their payables efficiency. It reviews payables management trends and highlights the benefits of automating payments at the beginning of an overall automation initiative.
Research Senior Manager
Research Content Specialist
Major Bottoms Jr.
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