Guide to Payables Automation
Going Paperless, Gaining Maximum Returns from Payments, and Ensuring the Success of AP Automation
When it comes to Accounts Payable (AP), some of the greatest drains on costs and efficiency are high volumes of paper and manual methods of processing that paper. This is especially true for businesses in the lower middle market (LMM)— or those making between $100 million and $500 million in annual revenue. A common problem among LMM organizations is the prevalence of paper and the lack of resources to properly manage high paper volumes. Circumstances like rapid business growth or tight budgets, which are common among middle market organizations, can put stress on small finance teams—and can impact these organizations’ business success.
This report discusses the value and strategic implementation of AP automation tools, exploring how organizations—particularly those in the lower middle market—can benefit from going paperless in their back-office departments.
This report covers:
- Payables Trends Among North American Organizations
- Payables Management Goals Among LMM Organizations
- Features and Functionality of Payables Automation Software for the LMM
- A Few Leading Payables Automation Software Providers