Accounts Payable can be one of the biggest sources of risk, waste, and cost in an organization, with 79% of businesses reporting that they were victims of payment fraud in the past year. There is a significant opportunity, too.

Leading organizations turn AP into a profit center that makes timely, secure payments to happy suppliers, avoiding the pressures of too much paper, too many exceptions, and a lack of visibility and investment in technology through automation and fraud prevention. With the right investments and the right attention, the function can be one of a Chief Financial Officer's top performers, not the traditional risky department that it long has been. 

Why it matters?

Organizations who have made the right changes to AP have found they can cut invoice and payment costs by up to 83%.

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