Accounts payable is no longer just about efficiency. More than 1,700 corporates ranked their AP providers, rewarding breadth, targeted automation, fraud resilience and ongoing innovation.
For decades, accounts payable (AP) was primarily judged on efficiency. Success was measured in throughput: how quickly invoices moved through the system, how reliably errors were avoided and how tightly costs were controlled. Early automation efforts reflected that focus, concentrating on digitising paper and removing manual steps, often without addressing how AP connected to upstream procurement or downstream cash management.
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