AP automation

(Editors note: this article, by Andrew Bartolini, originally appeared on CPORISING.COM on October 9th) In the 2020s, the accounts payable (“AP”) profession will continue to gain momentum and impact business operations and results in an increasingly strategic way. The global uncertainty that pervades today’s market indicates the very real threat of a deep economic downturn. [...]

There are many different theories and models that attempt to explain the complex riddle of how and why users adopt technology. One of the best known is the Unified Theory of Acceptance and Use of Technology (“UTAUT”) established by Viswanath Venkatesh and others (and built upon many earlier studies). This model identifies four main factors [...]

According to Ardent’s 2020 State of ePayables market research report, 62% of AP leaders stated that the pandemic did not create a need to invest in automation, as accounts payable processes were “already automated.” The reality, however, is that many AP teams have not fully-adopted and/or optimized their technology. This becomes clear when a deeper [...]

Every business function faces a rash of challenges relative to its specific operational purpose. For decades, the AP unit resided firmly in the back office, mired in paper-based, manual processes, which limited the value that the function could offer.  In 2020, the COVID-19 pandemic has shaken many businesses to their core, replacing traditional business structures [...]

For too many years, Accounts Payable (“AP”) has lacked the voice and credibility needed to accomplish a transformation without the support of others. However, in the face of extraordinary times and a challenging business climate, AP groups now have the opportunity to drive tremendous value and help the greater enterprise navigate these tough times. Deep [...]

This week we continue our conversation about Accounts Payables’ new agenda.  The new agenda focuses on three steps that include 1) ensuring business continuity, 2) building resilience, and 3) supporting the recovery when it eventually comes. Last week we began by introducing ‘Step One – Ensuring Continuity’. This week we are going to explore the [...]

There will be many lessons learned from the coronavirus pandemic and over the coming weeks and months we will cover and discuss their impact on accounts payable, the financial supply chain and overall business operations.  But, now is the time to face today’s challenges and ensure that AP’s resources are focused on the most important [...]

In April and May, Ardent Partners hosted The CPO Rising 2K20 Virtual Series – The Resiliency Imperative as a way to bring together our global community of procurement, finance, and supply management professionals and collectively tackle the big issues we were all facing and continue to face as a result of the coronavirus pandemic. More than 2,300 [...]

Last week we took a look at the impact of the COVID-19 pandemic on overall business operations, this week we delve into its impact on AP operations. The pandemic forced stay-at-home restrictions on a majority of workers in North America, Western Europe, Asia-Pacific, and in other developed nations, causing great unrest at the company, community, [...]

In April and May, Ardent Partners hosted The CPO Rising 2K20 Virtual Series – The Resiliency Imperative as a way to bring together our global community of procurement, finance, and supply management professionals and collectively tackle the big issues we were all facing and continue to face as a result of the coronavirus pandemic. More than 2,300 [...]