Most payables professionals understand the problems associated with processing paper. However, eliminating paper invoices, purchase orders, checks and other documents is easier said than done.
While the concept of paperless processing is not new, effective purchase-to-pay automation has faced the following obstacles:
- A lack of standardization of systems and formats between trading partners.
- The problem of buyer-or seller-oriented automation solutions.
- The difficulty of addressing buyer and supplier transactional needs.
Tackling paper in AP is a daunting task. To help you get started check out the TAPC article, Procure to Payment Business Automation, or attend an exclusive conference presentation without leaving your desk with TAPN's video education session, Electronic Invoice Presentment and Payment, featuring David Hay, former shared services director for Hewlett-Packard.
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