Digital transformation in Accounts Payable

Accounts Payable teams must balance strategic organizational goals with critical day-to-day functions like never before. In this article series, we highlight the digital transformation in Accounts Payable from tactical to strategic, and how it can help your company improve working capital, optimize costs and future-proof your business.

Best AP Practices article series

Doing more with less: Accounts Payable automation

Identifying best practices in Accounts Payable automation while strengthening trusted partnerships as an extension of the payables team.

5 minute read

Agile Accounts Payable in a digital age

Technology innovation brings opportunity and a greater risk of payment fraud.  Accounts Payable teams need to build automated processes and system agility.

Rolling with the punches: Accounts Payable for resilient supply chains

Through the right payment tools that offer flexibility and a full range of payment options, Accounts Payable teams can support the cash flow and forecasting ability of suppliers.

Balancing CFO strategic objectives with AP tactical needs

Leveraging technology and automation for a more efficient payment process.
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Key objectives for Accounts Payable teams

The modern Accounts Payable function involves the following key elements:

  • Mitigating modern risk - Protecting payment methods through proactive authentication of the supplier network
  • Automating for efficiency - Centralizing disparate systems and automating the payment process to improve decision-making
  • Supporting supply chains - Boosting supplier cash flow through flexible payment options, and simplifying supplier communication through a global supplier network
  • Adding quantifiable value - Improving working capital, optimizing revenue opportunities and freeing up resources for strategic initiatives 

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Bank of America Complete AP

Automate Accounts Payable processes from purchase order, to invoice, to payment

Comprehensive Payables

AP Automation with one of the largest digital B2B networks

Card and Comprehensive Payables

Harness the power of digital and the convenience of mobile to turn payables and travel spending into an advantage