ACCOUNTEX: Announcing the end of Accounts Payable as we know it. What will follow?
What would be the implication to the finance department if up to 90% of the entire accounts payable role simply vanished? As important, what would be the attitude of the board of directors and senior management if, as a direct result of this saving, they also gained immediate real-time access to all of the information on their suppliers, the status of every invoice including whether or not it had been paid – whilst making their invoice approval simple, fast and painless? We will explore how this transformation has been achieved, why it will impact every business and why the implications to finance are not all negative.
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