AP Work is Still Work. It Just Doesn’t Have to be So Frustrating
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Manual AP processes are inefficient and error-prone; amid accelerating talent attrition, digitizing AP and expense reporting can help companies retain finance talent and improve spend control.
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- SAP Concur BlogAP Work is Still Work. It Just Doesn’t Have to be So Frustrating
An SAP Concur blog post notes that accounts payable (AP) teams still face many manual processes, such as tracking receipts, reviewing expense reports, and digging through paperwork. It cites a TechRepublic survey indicating that as much as 38% of the workforce plans to leave their current job in the next few months, meaning the 'Great Resignation' continues. The article recommends digitizing expense reports and AP processes to reduce processing time, increase efficiency, and improve accuracy, freeing finance and AP teams to focus on more strategic work such as monitoring broader spend strategy and reclaiming eligible value-added tax.