What the report reveals
With most business leaders viewing Accounts Payable (AP) as a value driver, it is prime time for AP leaders to elevate the function within the company. A key conduit for achieving this in 2024 is big data. By leveraging vast datasets, AI-driven analytics can predict cash flow trends, streamline invoice processing, enhance fraud detection efforts, and more.
Chapter Four of The State of ePayables 2024: Money Never Sleeps focuses on the importance of big data and supplier enablement in establishing a Best-in-Class AP department. You will also learn about actions you can take to improve your AP performance and operations over the next 12 to 24 months.