Gone are the days when the AP function was seen as just transactional. As chief financial officers transform from fiscal protectors to champions of innovation and growth, AP has transformed into a driver of growth and profit, with a clear strategic vision and mission of its own.
As businesses adapt to volatile supply and demand, a streamlined AP process has become a top priority to build financial resilience and strengthen supplier relationships.
AP teams play an important role in supporting their businesses by managing an efficient and effective approach to supplier payments that doesn't impact essential business supplies or the corporate reputation. They must focus on building agility, automation, and data-led intelligence through advanced digital technologies like generative AI to create a resilient, future-ready AP function.
Genpact can help you deliver strategic business value with AP digital transformation initiatives that standardize and automate your AP processes.