6October 2018Contact Us:Phone:510-565-7614Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com October 30, 2018, Vol 04-06 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.OCTOBER 30, 2018Managing EditorSarah DawsonEditorial StaffAaron Pierce Ava Garcia Joshua ParkerKhyati DubalVisualizerAlvin AndrewsAccounts Payable SpecialSales*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comA New Dimension to AP ProcessesAndrew Smith andrew@cfotechoutlook.com Aligning with the technology advancements today, CFOs and their accounting teams are treading toward a more integrated and comprehensive view of the financial landscape. When it comes to the realm of Accounts Payable (AP), technologies such as cloud coverage, mobile solution and big data are playing a vital role. Automation of the AP processes helps companies to free themselves from the cumbersome tasks such as tax preparation, audits and banking. Similarly, cutting edge technologies such as robotic process automation (RPA) and machine learning are already making inroads into AP processes. These technologies allow businesses to reap the benefits of using software to handle repetitive and labor-intensive tasks, and freeing up workforce from manual and redundant tasks. Another benefit of bringing RPA is that much of the work can be relegated to off hours, so that those tasks are completed over night and the data is available when the employees get to the office. AP processes are further aided by cloud computing and software-as-a-service (SaaS) applications that provide the ability to access financial data from any internet-enabled device. These applications can be quickly integrated with accounting platforms that prove beneficial in streamlining back-office processes. Coupled with this, mobile solutions are accelerating and improving communications in the AP landscape, enabling accountants to access data, seek approvals and process work in time. Internet of Things on the other hand, is enhancing AP authorization process, reducing pen and ink signatures and printed forms. To visualize the developments in AP ecosystem, we have curated content for this special edition by bringing together articles from innovative solution providers and industry experts. We hope the valuable insights from industry thought-leaders and the innovative solutions from leading as well as emerging companies featured in this edition will help you in making informed decisions for your enterprise.Let us know your thoughts.
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