This month, our focus on Accounts Payable Automation Trends coincides with the release of our flagship annual research study.
Accounts Payable Automation Trends Global Study
Now in its fifth year, this global study offers invaluable insights into the evolving landscape of AP automation, highlighting the triggers, key drivers, and proven benefits that are propelling businesses forward.
The drive towards AP automation is fueled by several key factors. One significant trigger is the need for enhanced efficiency and accuracy in financial transactions. Traditional manual AP processes are often plagued by errors, delays, and inefficiencies. Automation addresses these issues by streamlining workflows, reducing the risk of human error, and accelerating processing times. Another critical driver is cost reduction. By minimizing manual intervention, businesses can significantly cut down on labor costs and operational expenses. Automation also boosts compliance and fraud prevention, ensuring that finance processes adhere to regulatory standards and safeguarding against fraudulent activities.
The benefits of AP automation are both extensive and compelling. Companies that have adopted automation technologies report improved invoice processing times, leading to faster payments and better supplier relationships. Automation also facilitates real-time data access, enabling more informed decision-making and enhanced financial visibility. Furthermore, businesses experience increased scalability, allowing them to handle higher volumes of transactions without compromising on accuracy or efficiency.
Accounts Payable Automation Trends Revealed This Month
As we explore this topic, our resources and events will provide a comprehensive understanding of the latest developments in AP automation.
Research Report
Our 2024 AP Automation Trends Research Report reveals the findings from our global study, shedding light on the latest data and trends that are shaping the industry.
Research Webinar
We’re also excited to host a research webinar ‘2024 Accounts Payable Automation Trends Revealed’ on June 18th. During this live session, industry experts will discuss the key findings from our study and share their perspectives on the future of AP automation. This webinar will be an excellent opportunity to gain actionable insights and engage with thought leaders in the field.
You can register for the webinar here.
Finance Tech Solutions Showcase
In addition, don’t miss our Finance Tech Solutions Showcase online event on June 11th. This event will connect attendees with leading AP technology providers, offering a unique platform to discover cutting-edge solutions for overcoming process challenges and embarking on the journey of automation. Participants will have the chance to explore various tools and technologies, interact with experts, and learn how to implement effective AP automation strategies within their organizations.
You can register for the Solutions Showcase here.
Finance Operations Leadership Summit 2024
Accounts Payable Automation is also a hot topic at our upcoming virtual event on July 16th-17th. This free event will bring together those responsible for global finance operations, and offer inspiring keynotes, panel discussions and interactive workshops.
Find out more and register for the virtual event here.
As we navigate through this month, our goal is to equip you with the knowledge and tools you need to harness the power of AP automation. Whether you’re just beginning your automation journey or looking to optimize your existing processes, our resources will provide valuable guidance and inspiration.
