Six Touch-points throughout the supplier life cycle where AP can be a catalyst
Organizations today are in the midst of transforming their AP function from being involved in tactical activities to being aligned as a strategic partner to overall organizational achievements. The perception of accounts payables is slowly changing, as they are now being identified as a thriving intelligence hub and profit center, one that collaborates as a strategic partner not only with other departments but more importantly, with the supply base to make a positive impact on the bottom-line.
As per a survey conducted by Ardent Partners for their report “ePayables2016”, the AP department's collaboration with suppliers ranks higher than their level of collaboration among any key stakeholders within the organization. AP acts as the catalyst for supplier enablement and compliance
Download this infographic to discover how a transformative AP technology like an eInvoicing software solution brings in the much-needed visibility to suppliers and acts as a catalyst across six different touch-points throughout the supplier lifecycle
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