After years of false starts, accounts payable departments are automating.
An eye-popping 84 percent of accounts payable practitioners are optimistic about the progress their department will make over the next three years in eliminating paper processes. That’s according to the Institute of Finance and Management’s (IOFM) 2018 Future of Accounts Payable Survey.
Improving staff productivity is the biggest driver of accounts payable automation, IOFM finds.
Against this backdrop, it’s no surprise that standardizing processes and deploying automated solutions are the top budget priorities of accounts payable departments, per IOFM’s research.
But accounts payable departments may never achieve their desired outcomes from these investments unless they take the right approach to selecting and implementing an automated solution.
This white paper shows you how to avoid wasting your automation budget.