For the fourth consecutive year, MineralTree surveyed a wide range of finance professionals involved in the accounts payable process for the 2019 State of Accounts Payable. The research results have shown that accounts payable is now in the midst of a major transformation.
The report reveals trends happening in the accounts payable field, including: 1) Shifts in how businesses are paying other businesses; 2) Continued movement toward automated processes; 3) Escalation of fraud across the middle market.
Key learnings from the report results include:
Scott Siegler is Editor of P3, a weekly eNewsletter focused on the best and worst of financial strategy, and a key contributor to the P3 Blog.
In his work, he is focused on creating awareness about automation technology that is disrupting the way accounts payable is executed. Up until now, AP has largely been accepted as a tedious and ad hoc process that leaves companies exposed to a variety of fraud risk. Today, companies of all sizes now have affordable options to leverage technology that reduces fraud risk, improves payment controls and streamlines the entire AP workflow.
He has written about both tech and sports throughout his career, and has been published in a variety of newspapers, magazines, and websites covering these topics.
Michael is the senior marketing manager at MineralTree where he heads up the demand and lead generation efforts. Previously, Michael served as a marketing consultant for a marketing automation firm and a marketing strategist at an advertising agency servicing the financial sector. He owns a Bachelor’s of Science in Marketing and Economics from Providence College.