Summary
Today’s business process automation methods and systems create opportunities to significantly reduce Accounts Payable operating costs and improve control, and enable AP to take on a more strategic role in the financial operations of organizations. We look at industry statistics that quantify some of those opportunities with respect to processing speeds and costs, and our experiences with customers using AP automation in JD Edwards ERP environments. The new AP is better, faster and far less expensive to operate. And we consider how some companies have increased profitability by reducing the total AP vendor spend through aggressive use of prompt payment discounts. Not things that “your father’s AP” could do well, if at all.
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by Robert J. Kearney
Vice President Sales and Marketing --- Image Integration Systems, Inc.
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