1888PressRelease - Corcentric explores the state of AP and finds that cost reduction is not the biggest concern.
McLean, VA - This week's blog from Corcentric, a leading provider of Accounts Payable automation and straight through processing, discusses how concerns have shifted for AP departments, focusing on the fact that the biggest concern is improving processes and reducing errors, far more than reducing costs and making on-time payments.
Corcentric digs deeper into this finding to discuss how implementing e-invoicing and workflow automation may offer an answer to these top concerns, from eliminating paper to streamlining the approval process. The blog showcases the fact that an automated AP solution can quintuple the amount of invoices a single processor can handle on a monthly basis. The blog also points out the fact that the use of technology and automation for AP is growing, citing the TAPN report, "Benchmarks: The State of Accounts Payable 2013," which finds that 60% of the respondents now describe themselves as having high or medium automation. Readers of the blog will also be able to download Corcentric's "Best Practice Guide: Preparing Your AP Department for the Future."
The Corcentric blog is a knowledge center for accounts payable professionals to explore automation best practices along with the latest trends and news in financial process automation.
View Corcentric's latest blog at http://bit.ly/APtopconcerns
For more than 15 years, Corcentric's cloud-based financial process automation solutions have revolutionized how the world's largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric's ground-breaking Accounts Payable and Accounts Receivable automation solutions have enabled organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions.
Learn more at www.corcentric.com, visit Corcentric's Google+ Page, or call 888.525.7677.
New Corcentric Blog: The #1 Concern for Accounts Payable Dep