2020 brought us more than a pandemic—it brought us significantly increased levels of AP automation. We expect to see that number continue to climb in 2021, as AP departments that had previously resisted automating suddenly discovered they had no choice. Next month, we’ll take a look at the trend toward electronic invoices.
Want more benchmarking data? Go to the Benchmarking section of IOFM.com. Members can download the IOFM 2020 Benchmarking Reports, and if you’re not a Member yet, schedule a demo to get free access. Or – register for our upcoming webinar: What You Can Learn From AP’s Best Departments.