Get an analyst's perspective on the impacts they're seeing from business networks today. Whether seeking sources for spot buy opportunities, identifying and satisfying staffing needs, developing new ways to facilitate payments, or better managing supply chain and business risks, Andrew Bartolini and Chris Dwyer will explore the benefits they're seeing for the clients they work closely with and share their vision on where this may lead us in the future.
Andrew Bartolini, Chief Research Officer, Ardent Partners and Chris Dwyer, Research Director, Ardent Partners - Ariba Commerce Summit Boston 2014
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THE BENEFITS OF ELECTRONIC PAYMENTS
24% of all AP groups report increased accuracy and control of payment delivery
24%
45%
51%
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45% of AP groups say that electronic payments enable more efficient and streamlined processing (e.g., review, approval, execution).
51% of enterprises rate cost savings as the top benefit seen from electronic payments
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Greater involvement in working capital optimization
Skill set required within AP will change
Stronger AP & Procurement partnership
AP process will be largely automated
AP TRENDS & PREDICTIONS (“LIKELY” IN NEXT 2-3 YEARS)
83%
69%
66%
57%