Accounts Payable

Quadient hosted a webinar on AP and AR automation for finance professionals, highlighting its benefits, such as improved cash management efficiency and cost reduction. This webinar covered challenges, trends, and technological innovations in the field, providing valuable insights for attendees.

It’s the question on everyone’s mind: What does this year have in store for us? According to Bloomberg research, North America will likely experience a mild recession starting sometime in the second half of 2023.

Automating your AP is not something you can put off till next year. It needs to happen now. The reasons are many. For one, manual invoice processing is wasting your money. Studies put the cost at £15 per invoice — at least — and as high as £40.

Since March 2020, most sectors have been severely disrupted by the COVID-19 pandemic. Accounts payable (AP) teams have been hit by these changes just as much as any other industry or individual department.

Accounting has traditionally been heavily reliant on manual processes, but in recent times there has been a surge in automated solutions. Companies have been deploying technologies to scale operations and optimise workflow to save costs and time.

Smarter Finance: Future-proofing AP and AR workflows. Finance shouldn't be complicated. If outdated AP and AR systems are slowing you down, it's time for a smarter approach.

In this guide, learn how AP Automation in NetSuite helps unlock a finance team’s potential by eliminating manual data entry and helping speed up their organisation’s invoice processing times.