Traditionally seen as mere cost center focused on strict processes, the accounts payable (AP) industry is currently unlocking the opportunity to reflect and assess areas with the potential to transform the manner in which AP teams operate in organizations. For one, AP automation is gaining steam. In the current fast-moving climate of the market, firms need to automate their payment processes not only for time savings and data accuracy but also for contactless invoice processing and profound data insights that accomplish better financial control and cost-cutting. Organizations are also embracing multi-cloud strategies to share and back up sensitive documents, emails and other applications, and also mitigate cyber-attacks and maximize security.
Considering the changing times, CFO Tech Outlook has compiled a list of top 10 accounts payable solution providers to guide organizations in harnessing the power of technology. We are glad to feature Basware on our annual list of accounts payable solution providers. Basware offers best-in-class e-invoicing solutions in an attempt to connect suppliers with consumers via cost-effective ease of use e-invoicing, thereby bridging the gap between accounts payable and receivable systems. This edition enlists EML, a payment processing company facilitating instant, secure payment solutions irrespective of location and time.
The list comprises INTEGRIM, which offers flexible end-to-end cloud-based platform, SenSaaS, to enable firms to achieve unprecedented efficiency by eliminating paperwork and reducing transactional errors. On the other hand, OnPay Solutions is on its way to revolutionizing accounts payable and receivable processes with the aid of its bank-level data security capabilities. For Professional Implementation Consulting Services (PICS), however, the trick lies in its ability to automate labor-intensive and error-prone accounts payable processes.
With several innovative technological capabilities and success stories up their sleeves, these solution providers are constantly proving their mettle in the accounts payable industry.
We present to you CFO Tech Outlook’s “Top 10 Accounts Payable Solution Providers - 2019.”