What this report says about Accounts Payable in 2023:
“This is the best time in history to be working in accounts payable and the future looks even brighter”
– Bob Cohen, Vice President of Research, Ardent Partners
The past two years proved that Accounts Payable could provide a strategic, value-adding boost to bottom-line performance and overall operations – especially in less-than-ideal economic situations.
But can AP do it again in 2023 – in a year where many are predicting a recession, continued supply chain problems, and an inflation crisis?
Many seem to think so. Top-performing finance leaders are discovering that AP teams can strengthen supplier relationships, improve payment terms with suppliers, unlock savings, and drive cash flow.
This report outlines how businesses are focusing their efforts on further improving their AP operations in 2023, such as investing in technologies like eInvoicing and AP automation to achieve hyperautomation.
Read this report to understand what’s taking over AP and the key issues that will shape your strategic ambitions for the year.
What you will learn:
The 10 major trends and predictions that will affect AP in 2023, including:
- AP’s positive impact on the supply chain
- The rise of hyperautomation
- The growing prevalence of e-Invoicing globally
- Suppliers looking to get paid faster
- Spend management as a key priority for CFOs in the mid-market
And actionable insights for leaders to drive transformation and innovation in their organizations!