Recently, Jack Mulloy, CEO of BuyerQuest, was interviewed for an article in Fortune Magazine entitled, "Improving Bottom-Line Performance with AP Automation".
For regular readers of our blog, you know that we have been discussing the challenges and opportunities facing executives who are struggling to digitize and automate their accounts payable processes, highlighting the breadth of the issues along with sharing advice from advisory groups like Gartner.
In the most recent article published in the Fortune 500 edition, the broad-ranging discussion highlights the evolving role of corporate "back office" functions in the digital age, and how the lack of standardization, along with the continued use of manual processes have become challenges that businesses are focused on solving.
During the interview, Jack shared BuyerQuest's vision of procure-to-pay processes that can be enabled as "touchless invoice transactions", where the entire invoicing process is automated, virtually eliminating manual errors.
The article goes on to offer other areas of benefit beyond manual errors. For example, automation introduces intelligence that uses data to improve the overall customer experience through better identification of the products and services that should be sourced.
To read the article, click the button below.
Visit our Touchless Transactions page to learn how BuyerQuest can help automate processes and reduce costs.