Accounts Payable Automation in 2014
Where have we been?
It’s always good to stop and take a look at where we have been, where we are at now, and where we are headed. For those of you who have been in and around the accounts payable world for a while will no doubt have noticed some rather significant changes.
While we have seen many changes and improvements in technology over the years, one of the big factors still frustrating many was the lack of truly holistic solutions. Technology providers added pieces and parts to their core offerings to give the appearance of being a one-stop shop, but to the detriment of many who bought those solutions, the result was a collection of disparate technology pieces that didn’t solve core business problems.
Fast forward to 2014 and the landscape is beginning to change. A new breed of solution providers have begun to adapt the philosophy ICG has pioneered for years, by providing users with a foundational platform that is designed to meet a wide variety of functional needs.
Implementable in phases or modules, users now have the option to implement true Procure-to-Pay solutions that add value throughout the entire process. Starting with Vendor On-boarding and Administration through to AP Automation, Business Process Management, and Vendor Portals, to the power of Dynamic Discounting, all on a common platform integrated seamlessly.
And it’s only going to get better as technology advances and social media is incorporated into the mix as a more efficient communication medium. So keep in touch and don’t be afraid to go out and see what’s available today, you might be happily surprised! For a look at the latest advances in AP Automation please join us for a webinar, “AP Automation: The Latest & Greatest in Invoice Processing,” on Thursday, September 18th.