Accounts payable Trends

Accounts payable is the nerdy-but-lovable department that keeps every company afloat. They're the folks responsible for managing all the money that goes out, from invoices to employee reimbursements. And let's be real, they deserve a round of applause for being able to decipher all those confusing line items from vendors. But what's the latest and greatest when it comes to trends in this essential area of business? Well, it seems like automation and streamlining processes are hot topics. Workflow automation tools are popping up left and right, promising to make the lives of AP managers everywhere easier. And then there are new players in the game, like Tipalti and Melio, taking on the behemoths like Netsuite. Even more interesting is the shift towards a focus on physical assets, perhaps indicating a shift in how priorities are assigned within organizations. Regardless, keep an eye on what accounts payable is up to - they may be the quiet ones, but they're doing some big things behind the scenes.