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Top 10 Accounts Payable (AP) trends for 2023

  • Trend 1 – Economic headwinds impact AP operations
  • Trend 2 – Inflation remains a top priority for Accounts Payable
  • Trend 3 – Cash flow and payment terms are a core focus
  • Trend 4 – AP’s positive impact on the supply chain
  • Trend 5 – Global e-invoicing mandates continue to impact AP teams
  • Trend 6 – Digital transformation of AP functions reaches mid-market
  • Trend 7 – Hyperautomation gains traction in accounts payable
  • Trend 8 – Visibility into AP data becomes more critical
  • Trend 9 – Distributed & extended workforces change how and where work gets done
  • Trend 10 – AP adopts a customer service mindset

Source Tungsten

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