Businesses are counting on accounts payable to be a partner in the coming economic recovery.
Most controllers surveyed by the Institute of Finance and Management (IOFM) rate their accounts payable department as having “high value” and being a “critical component of their business.” Another 22 percent of controllers say that accounts payable is “integral to some business units.”
What excites controllers about accounts payable is how it drives profitability.
Businesses expect more from their accounts payable department. Automation enables accounts payable departments of all sizes to transform themselves into a strategic, profit-generating function. JD Edwards software can help address these challenges.
Want to transform your accounts payable department into a profit center? Contact us today.