Inflation affects every area of business – and accounts payable (AP) is certainly not excluded. Rising costs can impact how you make payments to suppliers and, in some cases, when and whether you are able to make payments at all. The good news is that implementing strategic automation to support your AP function can mitigate inflation by conserving your time, money, and resources. Here are ten top attributes to look for when evaluating AP automation solutions.
1. Resides in the cloud
Cloud-based AP automation solutions give you the scalability, flexibility, and economy you need, both now and as your business expands.
2. Leverages artificial intelligence
From automated routing to fraud prevention, artificial intelligence, and machine learning continually improve at streamlining your AP processes, allowing you to allocate your resources to more strategic tasks.
See the other 8 ways in the best practices guide.
