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Home Technology Automation

Overcoming the top 5 procure-to-pay challenges

Esker by Esker
July 1, 2020
Photo by Pixabay from Pexels

Photo by Pixabay from Pexels

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.

Related:  7 tips for effectively managing your AR process in challenging times
Tags: Eskerprocure-to-payprocure-to-pay automation
Esker

Esker

Esker is a global cloud platform built to unlock strategic value for finance and customer service professionals, and strengthen collaboration between companies by automating the cash conversion cycle. Founded in 1985, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.

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