Upcoming Webinar: The Accounts Payable Blueprint - Productivity and Protection - Tuesday 12th March - 2:00 PM (GMT) l 9:00 AM (ET)

Author: Stewart Hayward

A person touches a digital screen with gears on it, to symbolise implementing technology to reduce costs

Implementing Technology to Reduce Costs (Part 2)

Technology is the driving force behind change but with this comes a wealth of benefits, especially when it comes to AP. In the second part, we are going to look at additional ways in which costs can be reduced using technology, all of which will ensure that AP teams can evolve and keep up to speed with changes.

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Managing and Monitoring Performance is Crucial to Success

There are many key metrics that can be used to determine how AP teams are performing. This information can raise awareness and help teams to identify their performance strengths but also seek out improvements. The aim should be to consider those metrics that underpin AP teams and so, it’s important to identify potential metrics.

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Accounts Payable Has the Scope to Enhance Profits

There is no denying that the introduction of automation and smart systems have transformed the way in which AP works and operates. Sure, there might be fewer people involved but it’s about offering more than just a transactional function. This is because it is all about contributing more in terms of profit.

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