How to elevate AP automation with complementary technology
This whitepaper from IOFM and Hyland explores how accounts payable (AP) departments can stop settling for middling results.
The benefits of AP automation are well-established, but for many organizations, the promise of full automation is out of reach. According to research by the Institute of Finance and Management (IOFM):
- Only 49% of AP departments use automation
- 38% of AP leaders say that automating manual processes is their greatest concern
- 39% say they're concerned that automation will require significant changes to their existing processes
- 27% of the AP departments that have deployed automation currently use AI
The source of AP departments’ frustration is largely focused on the limitations of traditional technologies.
This whitepaper from IOFM and Hyland explores how emerging technologies can complement legacy AP automation systems. You’ll learn:
- How AP automation solutions work
- The limitations of traditional technologies that are used for automation
- How to raise the bar with complementary technologies
Find out how AI, robotics process automation (RPA), predictive general ledger coding and other technology can help your department achieve better results, and discover why now is the time to take the next step toward peak performance.
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