Visibility into the Accounts Payable Process

In this age of “big data," when boards of directors are challenging organizations to better manage their cash flow, a new study shows most accounts payable (AP) departments are still using outdated tools to track their key performance indicators (KPIs).

The study looked at:

• Advantages gained from a dashboard tool
• Information a dashboard tool contains
• Accessibility and visibility to key metrics
  
• Barriers to adopting dashboards and technology

It’s clear that dashboard tools displaying KPIs and metrics offer a virtually untapped advantage organizations can use to continuously improve their financial performance — and, more importantly, to stay ahead of the competition.