Invoice-To-Pay: Unlocking the Secrets of the Accounts Payable Top Performers
The performance of your Accounts Payable (AP) department can have a significant impact on the organization. Recent trends have increased the strategic importance of an effective, transparent Invoice to Pay process, managed by AP. Increased outsourcing has made businesses increasingly dependent on suppliers to drive innovation. A recent study by Forrester found that the single greatest factor in increasing a supplier’s willingness to collaborate with and share innovations with a customer was timeliness of and visibility into payments. The Covid-19 pandemic has increased the importance of effective cash management, of which Invoice to Pay is a key lever.