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Most AP departments measure automation success by what got eliminated — things like paper and manual keying. Once those wins are locked in, there’s a natural tendency to declare victory and stop pushing for improvement. But eliminating manual work and actually transforming the function are two different things.
The promise of automation is that it will free up time to tackle new challenges for the business: supporting a supplier financing program, contributing to cash forecasting, or maybe enabling real-time spend visibility. If all you’ve managed to do is accelerate the old process, the limits to your automation approach can show up quickly.
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Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:

Receive 1 CEU towards maintaining any AP and P2P related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:

Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
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