Traditionally, the accounts payable (A/P) function has been viewed as a purely tactical function that ensures a company’s suppliers receive payments for goods and services. Strategic A/P departments are in the process of evolving and looking to improve visibility by eliminating paper-based processes and automating their back-office functions to open up new areas for cost savings, cash management and improved supplier relations.
Partnering with SAP, Aberdeen Group, a Harte-Hanks Company, explored this issue in its recent accounts payable (A/P) study, ‘E-payables 2010: The Strategic Value of Accounts Payable Automation’.
Aberdeen explores how companies of all sizes can improve efficiency through automation, capturing cost savings and providing visibility into invoice and payment status. Helping companies to achieve these goals, SAP and its partners offer solutions that automate back-office functions, opening up new areas for cost savings, cash management and improved supplier relations.
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