Adversity is here. COVID cases are not subsiding. Bankruptcies are the norm. Fraudsters have ramped up activity. And payment regulation is getting more complex with new mandates in Poland and Greece.
This global market shift requires a global procure-to-pay shift – from manual to automated. According to the Institute of Finance & Management (IOFM)1 the percentage of AP departments that make at least half of their payments by paper check has declined seven percentage points since the onset of COVID-19, with the majority – 58% – of respondents indicating that less than half of their disbursements are made using a paper check.
Automated controls are the only way to embrace a work-from-anywhere environment and protect your company against payment fraud, fines, and costly inefficiencies.
Watch this interactive session to learn how automated supplier management and e-Invoicing can eliminate the manual processes that are holding your company back and need to be replaced today.
Danny and Ryan walked through every objection your colleagues will come up with, how to respond to them, and provide the P2P automation business case to win over any reluctant finance leader.
1 Results of Poll; IOFM Virtual Town Hall Meeting, 4/27/2020