With a new decade quickly approaching, we thought this was the perfect time to start talking about what's next for AP Automation. In this three-part series, we'll cover everything you need to know about the past, present, and future of B2B Payment Automation. So buckle up, put on your thinking cap, and get excited! The entire landscape of B2B Payments is rapidly changing, and the Payment Automation train is about to leave the station. This is your first-class ticket into the future. 

In today's digital world, no one really uses checks regularly for their personal transactions.  Ask anyone outside of the finance industry the last time they saw a paper check, and they'll more than likely tell you it was while binge-watching a 70's sitcom. The steps required to process check files are also very dated.  In business, your advanced ERP may output the file seamlessly; there's just no getting around the folding, stuffing, and mailing unless you outsource that to a department with machinery to handle that for you. 

Being great at what you do means being as efficient as possible. Accounts payable and accounts receivable departments can be full of inefficient processes that can hold a company back. In this article, we will help identify the six wasteful areas and activities that can kill your business efficiency.

According to a study published by the experts at Triaster, "The 7 Wastes Killing Efficiency: How to Identify your Wasteful Processes", in order to be efficient, you have to understand the differences between activities and deliverables.

According to a detailed three-part survey of CFOs conducted by Ernst and Young*, CFO's feel now, more than ever before that there are four different initiatives or tasks they must perform in order to be effective. The importance of each of these four had become a higher priority compared to just three years earlier.

Find the road to cash management transformation for your business. Get insight into accurate financial reporting, and benefit from simple technology that transforms the departments gain analysis and reporting data.

Discover how payments impact your business and relationships.

From improved levels of productivity to lower costs, there are many positive outcomes of maintaining good supplier relationships.

Find out how A/P automation can help transform your business relationships.

Discover more on accounts payable automation:

• Top 5 Reasons to Automate
• Why Checks Continue to Steal the B2B Payments Spotlight and How to Prepare to Move to ePayments
• 6 Wastes That Kill Efficiency in Your Accounts Payable Department
• 4 Initiatives for 2018’s Most Influential CFOs
• Vendor Relationship Management
• The Road to Cash Management Transformation