Technology and Procure-to-Pay

Many organizations seek to improve their procure-to-pay processes by adopting technology that can increase the efficiency of procurement and accounts payable activities. APQC’s research indicates that although a large amount of organizations have adopted technologies to automate procurement tasks, this has not been consistent across all areas involved in procure-to-pay.

By APQC

September 23, 2015

Efficiency in both procurement and accounts payable activities can lead to clear benefits to an organization’s procure-to-pay process. One way that organizations are looking to increase efficiency is through modernization—in particular technology adoption.

The infographic below presents the degree to which technology is used in different parts of the procure-to-pay process and the potential benefits of modernization.