Future of AP in 2022: Important Trends

Managing the “New Normal”

75% of CFOs said their finance teams were forced to reevaluate transformation initiatives to drive business value during COVID-19.

In the face of the pandemic, many organizations have effectively maintained accountability for their company’s finance functions — while refocusing their efforts on vital strategic tasks. These forward-thinking financial leaders have transitioned from their responsibilities as producers and guardians. Instead, they’ve stepped up into a new leadership role — becoming a strategist and agent of change.

The Current State of Finance

With an eye on the future, maintaining agility and flexibility will be the key to adapting.

The finance industry has seen a profound change in light of the pandemic. The most significant disruption has been the interruption of the workspace. With teams unable to work together safely at the office — and no clear timeline for returning — there’s an unprecedented need for remote options. More than ever, businesses are seeking fast and effective solutions to their problems. Especially during times of crisis, technology is the key to providing the support businesses need.

Top AP Trends for 2022 & Beyond

With constant changes, financial leaders are looking to make smart choices when streamlining operations. For many, the first place to start is the accounts payable function.

Are you prepared for what’s next?

For your organization to survive and succeed, transform your underlying payables productivity and cost structure. As the only global payables automation platform that scales with you, Aavenir helps make this happen. Aavenir eliminates much of the friction you currently encounter to future-proof your organization for success by capturing invoices efficiently, building smart invoice workflows, and automating 2-way/3-way validation.