Card programs are great, but if that’s where your AP automation efforts end, you may be leaving money on the table. Why? Because on average, organizations only pay 24% of their suppliers by virtual card.
That leaves a lot of unrealized cash back rebate potential—and comes up short of most financial teams' goals for payment process automation and security enhancements.
Ask yourself these 5 questions to uncover how optimized your AP payment processes truly are. You might be surprised by your answers.