More Productivity, Less Paperwork: How AP Automation Revolutionises Business Operations

Change is hard. But what if the pain of the same was greater than the pain of change? When it comes to accounts payable (AP) automation, this is the question businesses should be asking.

Automation is arguably one of the more controversial topics of recent times, evoking visceral reactions and strong opinions alike. Perhaps that’s why although AP automation has the power to increase operational efficiency, visibility, and control, all while reducing complexity, fewer than 20% of businesses have fully automated AP processes, and 70% of all invoice processing globally is still paper based. So, what’s stopping businesses from going all in on AP automation, or at the very least taking the first step towards automating their time-consuming AP processes?

In this episode of the SAP Concur Conversations podcast, Chris Elmore, Chief Evangelist of AvidXchange, explores this question, and provides colorful commentary about how the AP profession has evolved, the optimisation opportunities AP automation opens for organisations, and how automation forces organisations to be more strategic and intentional with where and how they spend their time and resources.