5 ways e-invoicing networks transform AP into a profit centre
Financial insecurity is a top concern for businesses today. With operational costs set to rise in the coming years, organisations must look for ways to decrease wasteful expenditure and increase profitability. Accounts Payable may not be the first place a company looks to increase profits but CFOs have begun to recognise the effect Accounts Payable has on business profits as well as the unique opportunities this department offers.
One of the core digital elements of AP is electronic invoicing (or e-invoicing) which increases efficiency and decreases the cost of the payment cycle and other functions. Focusing on and investing in AP can help companies achieve performance goals and promote strong financial health.
This white paper explores the five main benefits of this approach to solidify how it can increase an organisation’s financial success.