Embracing Change and Technology in Payables to Drive Business Value

The Institute of Finance & Management (IOFM) research found that 44% of AP departments experienced an attempted or actual fraud attack in the past year. More than two-thirds of detected fraud attacks involved phishing.  

The result? AP departments are mitigating their risk by finding new ways to make one-off payments and investing in the latest fraud technology. With the latest technology comes a chance to automate and improve manual processes.  

In this webinar, payables product experts Andrew Scarborough and Becca Hall take a deeper look into the trends in AP departments and share some recent focus group findings, including:  

• The pros and cons of becoming an entirely paperless function 
• Data security and the costs associated with setting up supplier records for one-off payments 
• The operational impact of bank branches closing 
• New technologies and frameworks to reduce fraud 
• A short demo on PTX Payouts and Confirmation of Payee   

The reinvention of AP as we know it is a good thing. In 2024, accounts payable will continue to emerge as a key value driver in the digital enterprise of tomorrow.