What to know when investing in AP automation solutions

The right AP technology can make digitizing and optimizing your AP processes more seamless. Read six features that make an AP automation solution best-in-class.

Tags: Payments, Innovation
Published: December 04, 2020

Emerging A/P automation solutions are positioned better than ever before to help companies manage the challenges of migrating from checks to electronic payments. The right solution can offer end-to-end capabilities through a single platform, create desired efficiency, reduce fraud, and help A/P departments develop a new revenue stream for their organizations. 
 

But how do you find a best-in class A/P automation solution?

Seth Blacher, senior vice president and head of Global Payables for Global Treasury Management at U.S. Bank, wrote about that in the Sept. 9, 2020 issue of Treasury & Risk magazine. His article, “Invest Wisely in A/P Technology: 6 features that make a solution best-in-class,” focused on these key differentiators. 

"Corporate A/P departments are looking to operate ax maximum efficiency and scale, while reducing risk and generating rebate revenue, "he writes.  "The key to success is effective automation."
 

Six features to target to automate AP:

  1. ERP integration
  2. An extensive supplier network
  3. A variety of payment options
  4. Streamlined invoice management workflows
  5. Fraud prevention
  6. Efficient reconciliation


Read the full article to learn how A/P automation could enhance your accounts payable processes.