If you're searching for ways that the finance function can positively impact business operations and improve financial resiliency, look to your AP department to play an essential role. As CFOs have prioritized liquidity to make sure they can fund ongoing operations, finance leaders are adopting aggressive strategies to:
- optimize working capital
- increase cash positions
- manage supplier relationships more deliberately
Explore the 15th annual State of ePayables research report to understand the urgency of AP automation for business continuity. Learn directly from your peers how digitizing invoice receipt, approval and payment can help the finance team cut processing costs by up to 85%. Like the professionals polled in these surveys, streamlining AP workflows allows your organization to better anticipate financial liabilities and manage cash based on operational intelligence.
Ardent Partners asks finance and procurement leaders to describe how increased visibility and faster processing times allow them to develop a vendor/supplier payment strategy based on the immediate needs of the business. These critical decisions—when to make payments, which suppliers' terms to negotiate, which stakeholders to prioritize, and how to take advantage of earned discounts or rebates—are an essential part of the cash management you need to weather challenging economic conditions.
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After all, Chrome River lets business flow.
Emburse Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2.5 million users around the world trust Chrome River. To learn more, contact Chrome River at +1 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.