The Next Big Thing in AP: Positioning AP for the Future

06 November 2011 by Kofax

The rate of change is accelerating. Like all other organizations, Accounts Payable (AP) must prepare to address new challenges and opportunities.

Accounts Payable is under constant pressure from Finance and Purchasing, and other internal customers, and from vendors externally. As the organization that controls the disbursement of 30 - 70% of a company's funds, AP is always looking for ways to increase its efficiency and effectiveness. AP is also under constant scrutiny from regulatory authorities for compliance with laws and regulations.

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