The ‘Defining Modern Accounts Payable’ survey compiles responses from hundreds of accounts payable professionals across industries and seniority levels. The purpose of this report is to determine what constitutes a Modern AP Process and compare performance of Modern AP Processes to Non-modern AP Processes.
Our conclusions include:
The core characteristics of Modern AP Processes are automation and value-added initiatives outside of AP
Modern AP Processes operate at higher efficiency levels than Non-Modern AP Processes, giving organizations the ability to dedicate more resources to value-added activities.