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.

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.

Read the related article: The Benefits of Modernizing Procure-to-pay

APQC is a member-based nonprofit and one of the leading proponents of benchmarking and best practice business research. Working with more than 500 organizations worldwide in all industries, APQC focuses on providing organizations with the information they need to work smarter, faster, and with confidence. Every day we uncover the processes and practices that push organizations from good to great. Visit us and learn how you can make best practices your practices.

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