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ABOUT THIS REPORT
As the world enters a new era of technological innovation, the accounts payable (AP) function is on the cusp of a major transformation. The integration of emerging technologies such as artificial intelligence (AI) and predictive (data) analytics has created a new wave of opportunities for AP professionals to streamline processes, reduce costs, and provide greater strategic value to their organizations. This report provides a comprehensive view of the current state of AP and how new innovations are paving the way for a smarter future.
The report is part of an ongoing dialogue that Ardent Partners’ analysts have had with AP, P2P, and other finance professionals for almost two decades. This year’s report examines the general competencies and capabilities of AP organizations, highlighting the management strategies and tactics that leading departments have utilized to drive their organizations forward over the past few years, as well as their plans and priorities for 2023 and beyond.
The report includes benchmark statistics, analysis, and recommendations that AP, finance, and P2P teams can use to better understand the state of AP today, gain insight into best practices, benchmark their performance against the best-in-class, and ultimately improve their operations and performance.
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