Businesses are rethinking their approach to accounts payable. It is no longer enough for accounts payable to pay suppliers on-time. Businesses now expect accounts payable to help drive profits.
But efforts to transform accounts payable from a back-office function – a cost center – and into a profit center are being undermined by manual and semi-automated accounts payable processes that:
- Cost too much
- Take too long
- Provide inadequate visibility
Fortunately, an emerging technology called artificial intelligence (AI) – computers and software that do things normally done by humans, and do it better over time – uniquely address these obstacles.
IOFM’s latest white paper shows:
- The benefits of transforming accounts payable into a profit center
- Describes the three ways that manual and semi-automated accounts payable processes are preventing accounts payable from becoming a profit center
- Defines AI technology
- Details how AI eliminates the barriers to making accounts payable a profit center.
If transforming accounts payable into a profit center is among your priorities for 2018, download this white paper today!
Continuing Education Credits available:
Receive 1 CEU toward renewing APM, APS, APPM or APPS certification from the Institute of Finance and Management! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge
This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.
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