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Accounts payable automation can definitely help an organization’s bottom line — but only if suppliers buy into it. Unfortunately, all too often this proves to be an obstacle, resulting in an only partially realized return on investment. A major reason for this issue is that some AP automation solution providers try to force suppliers into a mold that doesn’t fit them, making more work for them or even alienating them through strong-arm tactics.
It’s essential that the solution provider not only do most of the work to onboard suppliers, but also to handle them with care and consideration, both during the signup process and beyond.
Paymode-X, a Bottomline solution, offers some valuable advice on this topic in the whitepaper, “Supplier Satisfaction: The Key to ROI for Accounts Payable Automation.” Discover the many benefits that AP automation offers suppliers — if handled properly. In addition to making the signup process simple and easy, suppliers should get paid the way they want to, and may even acquire new business through the solution. This benefits both AP's and AR's bottom lines. Download the white paper here to find out more.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AP and P2P related program through IOFM! These 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 financial operations body of knowledge.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These 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 financial operations body of knowledge.
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