In an ever-changing world where organizations face stiff competition and pressure from management to improve profitability and the bottom-line, Accounts Payable (AP) organizations have become increasingly focused on process improvement and optimization initiatives that drive business performances.
To continually create value for their organizations, AP leaders are always looking for innovative ways to lower the cost of AP processing or reduce transaction processing time – especially those organizations that have made significant investments in ERP applications (Enterprise Resource Planning). The majority now have standardized AP processes with the potential to increase efficiency, reduce costs of AP functions and processes, and greatly improve the ability to manage working capital effectively.
Yet, despite the ERP capabilities, AP teams are somehow still burdened with processing numerous invoices manually or called to intervene in the procure to pay process.
At Transformious, we can help lower your Accounts Payable costs and reduce transaction processing time.