So, here is a question or two for you – is it time for you to automate your AP function? Will it help? How can you be sure if any transformation project will really drive business value? Can you expect a suitable return on your investment? To help answer these important questions, let’s break down some of key claims AP automation evangelists often make; identify some of the value drivers for many AP automation project; and pose the questions you should be asking yourself, and your platform provider, to ensure that you are on the right track to achieve a return on investment.

Google Trends data shows that interest in Source to Pay

In many cases IT organisations also benefit from automation when migrating data out of retiring systems. In larger organisations IT help desks receive numerous simple service requests that can be easily automated.

Two terms that are used interchangeably, but actually refer to very different things are Source to Pay (or S2P) and Procure to Pay (or P2P). We take a bit of a deep dive into both terms to look at what they really mean.

In our current business climate, where its far easier to save a dollar than it is to earn a dollar, organisations that do not have complete, on-demand visibility struggle to identify where they can save money and drive greater efficiencies. A lack of spend visibility makes trying to conduct any detailed analytics on your spend incredibly time consuming and difficult. We take a deep dive into the 12 challenges that organisations face without details spend analytics and visibility.

So what should organisations be considering when thinking about how to automate accounts payable in 2021?