Paper-based methods of procurement and accounts payable (AP) are linked to high costs, low visibility and long processing times. Finally realizing that their ERP system is not designed to fix this problem CFOs and finance are pinning their hopes on automation to solve the problem.
This Esker paper examines how procure-to-pay (P2P) automation can lower P2P costs by 40-60%, accelerate average processing time by up to 65%, improve accuracy by 99%, boost visibility to 100%, and streamline workflow.
This paper also presents the top five obstacles preventing P2P success. More importantly, it presents how automation can overcome the challenges of traditional procurement and AP processes. By taking an end-to-end approach to automation, goals of the business are addressed, as well as those of everyone involved.
Click here to download this whitepaper.