Business Process Management for Accounts Payable: Gaining Control Over Documents, Automating Processes, and Optimizing Cash Flow and the Bottom Line
- Topics:
- Business Process Management
- Tags:
- Accounts Payable,
- Operational Accounting,
- It Operations,
- Global 360 Inc.,
- Finance,
- Business Process Automation,
- Business Process,
- Business Operations,
- BPM,
- Operational Planning
- Source:
- Global 360
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Overview: Many organizations want to fundamentally change the role of their Accounts Payable (AP) departments and make them more strategic: shifting AP from a clerical, transaction oriented reactive process to a vibrant and well-oiled machine, one that is both analytical and proactive. Business Process Management (BPM) achieves this goal allowing companies to replace their traditional, paper-based, labor-intensive practices of invoice processing, routing, and approvals with an efficient and automated approach. This shift ultimately means that Accounts Payable is freed to focus on higher-value tasks, such as quality assurance, contract and policy compliance, reporting, and process improvement analysis.
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Format: PDF | Size: 412KB | Date: Jun 2005 | Pages: 10
