Accounts Payable Automation
Maximize efficiency, visibility and security by automating the entire invoice-to-pay process with Paymode-X.
In manufacturing companies worldwide, AP is still plagued by manual processes, a heavy reliance on paper checks, and lack of visibility. It is time to implement digital transformation that will enable AP to manufacture sustainable value for your business.
As on the shop floor, a holistic approach to digital transformation is vital. AP digitization should encompass invoice automation, complete payment services, vendor enablement options, and robust fraud prevention measures. This end-to-end strategy will drive business value in six key areas.
*source: Strategic Treasurer, 2022
To create business value from your invoice-to-pay process that will help you achieve your strategic goals, consider these 8 lessons for AP from the manufacturing shop floor.
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