Increase Productivity, Not Paper: The Power of EIPP to Enhance Accounts Payable Savings and Control

Sponsored By Ariba

Topics:

Banking & Capital Markets > Treasury Services

Finance & Risk Management > Supply Chain , Expense Management

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Abstract:

In recent decades, a majority of businesses have focused significant effort on improving the efficiency and effectiveness of their accounts payable (A/P) organization. A bridge between the finance and procurement organization, the A/P function is one that nearly all companies have invested significantly in from a people, process, and systems perspective. But significant change is coming to A/P, which is happening sooner and faster than many might think. This evolution is occurring because A/P, one of the most studied and benchmarked functions in accounting, has reached a plateau of productivity. Electronic Invoice, Payment and Presentment (EIPP) systems complement A/P solutions while addressing so many of the deficiencies found in current solutions. The benefits of EIPP, along with a fast, straightforward implementation, are compelling for many companies. This paper will examine the need for - and benefits of - embracing EIPP as an approach to reaching new levels of A/P efficiencies and savings.

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Released: June 25, 2009

Length: 10 pages

Format: PDF (478 kb)

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