How B2B Networks Can Impact Accounts Payable

The average AP operation today faces many of the same challenges that were faced by AP groups a decade ago - the abundance of manual data entry and paper-based processes (e.g., paper invoices and checks, manual data-entry and approvals, etc.) that result in highly inefficient and costly operations. According to Ardent Partners' research, more and more AP groups are turning to B2B networks to help combat their lengthy processing times and high processing costs.

The network effect is a well-known business theory that states that a network grows in value as more users join it. B2B networks have much the same result, particularly when it comes to managing the accounts payable (AP) process. As more suppliers join the network, an AP team can gain more efficiencies by a greater number of trading partners on the network. Suppliers see benefits as well.

Wednesday, February 10th at 12:00 pm MST, join Andrew Bartolini, Chief Research Officer, of Ardent Partners for a complimentary webinar on how B2B networks can have an impact on AP operations.

Speakers:

Ardent Partners

Andrew Bartolini, Chief Research Officer

Andrew Bartolini is a globally recognized expert in sourcing, procurement, accounts payable, and supply management. At Ardent Partners, Andrew focuses his research and efforts on helping enterprises develop and execute strategies to achieve operational excellence within their procurement and finance departments. Andrew is also the publisher of CPO Rising, the first independent media site written for and about Chief Procurement Officers and other procurement executives.