Progressive finance chiefs are looking to implement tools and processes to help elevate the accounts payable function from its traditional role as a cost center to one that provides a competitive advantage. These “tech-savvy” CFOs understand that there are a host of cloud-based finance solutions that don't require IT resources to implement or rise to the level of requiring budget committee approvals.
Clearly, there are opportunities to improve the invoice-to-pay cycle. Average performers manually key 58 percent of invoices into their financial system, while top performers only manually key 42 percent. This eBook explores some of the key issues that CFOs need to consider when revamping the invoice-to-pay process.