B2B Payments Insights: Accounts Payable Digital Transformation

The Payment process, treasury processes and accounts payable processes are all changing rapidly. The digital transformation in accounts payable, as well as the digital transformation in accounting and the digital transformation in treasury means a huge change in the B2B payment process. That’s why the insights from the Strategic Treasurers most recent B2B Payment survey are so critical. They provide a roadmap for best practice companies looking to improve their accounts payable processes and make an accounts payable digital transformation. Make sure to stick around until the end when we share the one truly surprising metric that reveals many are focusing their accounts payable automation efforts on the wrong area.

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For many organizations, the review of expense reports and the requests for reimbursement of expenses, is handled in accounts payable. For the accounts payable process to work well, best practices for AP should be used. By their very nature, accounts payable best practices incorporate strong internal controls and avoid AP control weaknesses.

Payment processes, treasury processes and accounts payable processes are all changing at the speed of light. It is critical that accounting, treasury and accounts payable professionals keep up with all the changes.

Link to Payments and Emerging Payment Issues playlist
https://youtube.com/playlist?list=PLtL6rWSXZ-HdD-bwCXumxMB64lRKVwm2h

Link to Accounts Payable: A Day in the Life of
https://youtu.be/K79TlPGjoFk

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Host: Mary Schaeffer (www.ap-now.com)

Guest: Craig Jeffrey (https://strategictreasurer.com/surveys/)