The uneven economic recovery has CFOs unsure about the short-term economy, and leery of signing off on risky financial decisions, according to Deloitte. Against this backdrop, organizations must think differently in order to grow and increase profits. Organizations cannot count on fast economic growth alone in order to meet their business and financial goals. CFOs are discovering that automating accounts payable (AP) unlocks information that drives increased profits, better working capital, enhanced supplier relationships, improved financial decision-making and increased agility.

Six critical AP automation practices are empowering CFOs to achieve these strategic benefits:

• Electronic invoicing
• Business-to-business commerce networks
• Dynamic discounting
• Supply chain financing
• Electronic payments
• Reporting and analytics

This white paper details how each of these practices enable CFOs to unlock the value of AP.