In the summer of 2008, Accounts Payable (AP) as a function and process appeared to be on the cusp of a broad-reaching transformation. Interest in and budgets for Accounts Payable were on the rise; the marketplace was ready for change. Instead, there has been more of the same; the arc of AP's trajectory diverted by the global credit crisis. In response to the ongoing economic challenges, many enterprises reprioritized initiatives away from AP transformation projects in 2009. But, with cost containment and cash management still at the top of the executive agenda, accounts payable professionals find themselves more-closely aligned with senior leadership than at any time in recent memory. And leading AP departments are prepared to deliver in 2010. In point of fact, these leaders are rising...rising to support executive goals, rising to new levels of perfomance, and rising in significance within the enterprise. Accounts Payable will rise in 2010. Read the latest Aberdeen E-Payables Benchmark Report: Accounts Payable Rising for more compelling facts from the research that provide actionable benefits for your organization.
