Invoice processing standardizationDecember 22, 2022
A new skillset for accounts payable professionalsJanuary 3, 2023
Whitepaper: Power-UP your AP capabilities: new skills to impact the business results
Unlock the potential of your accounts payable (AP) department and revolutionize your business with the right skills and automation solutions
In a world where the finance landscape is rapidly evolving, AP agents have the opportunity to make a profound impact on competitiveness, efficiency, and agility within organizations.
Gain insights into the essential skills AP agents need to thrive, explore upcoming responsibilities, and discover how organizations can adapt their AP departments for the future.
Power-UP your AP capabilities: new skills to impact the business results
Accounts payable (AP) agents have the potential to drive competitiveness, improve efficiency, and enhance agility within organizations. Whether you are a BPO manager, the head of an AP team, or simply interested in this subject, this whitepaper is designed specifically for you. It aims to provide insights into the new skills AP agents will need to make a significant impact on the business, explore the upcoming responsibilities they will undertake, and offer guidance on how organizations can adapt to prepare their AP departments for the future.
New accounts payable skills to impact the business results
The future of AP is undergoing a transformation, and this is big news. For years, AP tasks and workflows have remained relatively static, with slow evolution and a lack of innovation. AP has been characterized by manual processes, numerous challenges, and a high potential for human errors. Manual data entry, exception management, supplier communications, invoice duplicates, and fraudulent invoices are just a few of the daily hurdles faced by AP teams.
However, the COVID-19 pandemic has accelerated the pace of finance transformation, forcing companies to confront the obstacles that have hindered the adoption of new technologies in AP. Internal resource limitations, capital constraints, change management concerns, competition with other projects, and limited IT support have impeded progress in the past. But now, the time for a change in accounts payable has arrived. AP leaders must determine where to begin and how to manage the transition to new tools while preparing their teams for the future.
The following pages of this whitepaper will delve into the new accounts payable skills agents, the risks of resisting change, the role of automation and robots, and the importance of governance in implementing AP automation solutions. We will explore how AP teams can develop problem-solving, IT, and data science skills to adapt to the changing landscape. Moreover, we will discuss the transition from tactical to strategic skills, which can enable AP agents to think strategically, optimize business processes, and enhance overall effectiveness.
Now is the time to embrace the future of AP. By empowering your AP agents with new skills and leveraging automation solutions, you can drive significant improvements in your AP processes, supplier relationships, and overall business performance.
At Cevinio, we are experts in invoice automation and have helped more than 75 global customers achieve productivity improvements of 3-5 times. With our invoice processing automation solution, we enable organizations to power up their
AP departments and drive tangible business results. Discover how Cevinio’s invoice processing automation solution can revolutionize your AP capabilities. Contact us today!