In today’s fast-paced global business environment, successfully managing the accounts payable process is essential. Moreover, as the digital economy continues to develop, the AP function will play a larger forward-facing role: interacting with clients and customers as part of the digital value chain. As such, the AP function impacts your customer’s experience with your brand. The accounts payable function can be complex and fraught with inefficiencies for companies of all sizes.
Goals and Objectives
AP workflows are quickly changing as part of digital transformation initiatives. AP is rapidly adopting new technologies to cope with the new market dynamics. As digital transformation continues to evolve within AP functions, the importance of machine learning, Big Data and analytics, and even blockchain will increase rapidly
Enterprise hardware, personal devices, cloud, Big Data and analytics, mobile, applications, business consulting, cognitive technologies, and IoT
Use Case Summary
Technology is used to support the movement of money including ACH (including same day), ATM, bill payment, checks, and remote deposit.