Electronic Payments and the Last Mile of Procure-to-Pay Transformation

More accounts payable departments are deploying procure-to-pay solutions to transform their department into a revenue-generating strategic partner to the enterprise.

But you will never attain the full benefits of P2P transformation without completing the last mile of automation: payments.

Until recently, payments often have been overlooked, as many accounts payable departments focused on automating invoice processing.  Relying on antiquated, paper-based payments processes leaves businesses with:

• High costs
• Inefficiency
• Lots of supplier inquiries
• Poor visibility
• Burdensome reconciliation

It's no wonder that controllers surveyed by IOFM now rank electronic payments as the top technology initiative on their to-do lists.

Learn how to complete the last mile of P2P automation. IOFM’s latest white paper describes:

• The challenges of traditional payments methods in accounts payable
• How a holistic approach to automation helps businesses complete the last mile of P2P
• The benefits that organizations achieve by migrating to electronic payments

Without migrating to electronic payments, your business may never optimize its cash flow or achieve the operations and cash management visibility it requires.

Download IOFM’s white paper today to start your business on the last mile of P2P automation.

Continuing education credits available:

Receive 1 CEU toward APM, APS, or P2P recertification! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.

This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.