Organizations 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 collaboration with suppliers ranks higher than their level of collaboration with any key stakeholders within the organization.
Download this whitepaper now to see:
- How AP acts as the catalyst for supplier enablement and compliance
- How a SIM (supplier information management) based eInvoicing software solution brings in the much needed
- What kind of cost savings accrue as a result of such transformation