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According to the November Back-Office Optimization Playbook , a collaboration with Coupa and TransferMate , 51 percent of AP professionals continue to cite manual invoicing as their biggest pain point resulting from the COVID-19 crisis. The Platform Approach.
Shifting away from paper-based accounts payable (AP) practices could be a game-changer for many organizations. AP professionals must first be willing to take the first step to embrace automation, but some firms are wavering over whether they are prepared to do so. Deep Dive: AP Automation’s ROI Potential.
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At a high level, said Disque, the embrace of automated accounts payable (AP) processes has been consistent across verticals. CSI, he noted, has insight into a number of industries, where the payment processing platform (focused on integrated payables) aggregates and accepts payments on behalf of a wide range of businesses.
Much of the inefficiency can be solved through adopting a software suite that spans a continuum of accounts payable (AP) functions, said Nadaud. When you have a suite that takes everything together, you change the game,” he said. There are, of course, challenges in breaking down silos, where resistance to change can be substantial.
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