IOMA’s Latest Study Signals New Era in AP Cost-Cutting Trends
October 2005
Main article
In looking for ways to cut costs, AP departments are getting much more than they bargained for. That’s because they are looking more to the electronic processing of invoices and payments to create a paperless AP environment. The ripple effect of this effort is to allow AP to shed its image as a back-office, paper-pushing operation and transform itself into a department that can bring real value to the company. Instead of focusing on transactions, the new-breed AP department can do more analytical work and become a true business partner in the company’s management.
2009
