Recent surveys showed that 70% of AP professionals identified manual and inefficient processes as their top concern. On top of that, 99% of CFOs are unable to accurately forecast their spending beyond 30 days, and 82% of AP departments experience some kind of fraud. One company told Sage AP Automation they typically touch one invoice five times before it is actually matched to a check stub and then filed. It is clear that digital transformation is more urgent than ever. But how do you make sure your digital transformation is done the right way, the first time? 

Digital transformation can often go wrong. One reason is that organizations often opt for makeshift solutions instead of looking at the whole picture. For example, some companies might store payments information on a spreadsheet, and chase approvals through email, creating a complicated trail. They might use data entry tools, spreadsheets and document management systems for specific tasks, or a standalone solution that automates AP processes. The result is that only one part of the problem is fixed, and the digital transformation project ultimately fails.

Let’s take a look at each part of the AP workflow – invoices, payments, purchase orders
and expenses – the challenges they face, and how to fix them. Many people find challenges when having to deal with purchase orders, invoices, expenses, and payments within their businesses software. Good news is that we now have an informative eBook explaining how Sage AP Automation can help you and your business solve these issues.