News

The State of AP Report, published Sept. 22, 2022, by MineralTree, a Global Payments brand, examines advanced AP automation and B2B payments and their potential to mitigate ongoing supply chain disruptions in the wake of a global pandemic. By focusing on vendor relationships, researchers identified the most pressing issues that impact relationships between buyers and suppliers.

Corporate investment in the digitization of financial operations has been a focal point as a result of the pandemic. MineralTree, a prominent payables automation fintech, has been conducting accounts payable (AP) surveys for a number of years, and their most recent effort can be accessed in their latest report.

MineralTree and customer Simple Mills will be featured presenters at SuiteWorld 2022, taking place Sept. 27-30 in Las Vegas and virtually.

MineralTree’s 2022 State of AP Report looks at the growth of ePayments, and the disconnect between buyers and suppliers regarding adoption. Learn more.

For a variety of reasons, it can be difficult to convince some executives to make the investment in AP automation. Here are some of the major areas to highlight about how AP automation will improve the business.

E-commerce is built on digital customer experiences and processes. That same thinking needs to be applied to the financial back office. Automating foundational processes like accounts payable can provide e-commerce operations with proven methods to overcome key supply-side challenges and deliver far-ranging benefits that help all facets of the business.