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The Drive For Digital Transformation In Accounts Payable

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In December of 2019, we looked at 3 reasons why accounts payable was slow to embrace digital transformation. Now, we look at how the last two years’ events have impacted the way companies approach digital transformation. All relevant copy and statistics have been updated as of November 2021. 

Digital transformation has been at the forefront of discussions when it comes to accounts payable for decades. Supply chain professionals are well aware of the benefits of investing in AI and advanced digital solutions. Still, the hesitations come from the costs associated with investing and implementing these solutions.

Now, more than a year and a half since the start of the pandemic, researchers are finding that the challenges brought on by COVID-19 spurred digital transformation at a rate we couldn’t have predicted. Take a look at how the pandemic changed the way we approach and tackle digital transformation.

3 ways the pandemic changed digital transformation Infographic:

About Tradeshift

Tradeshift is a market leader in e-invoicing and accounts payable automation and an innovator in supplier financing and B2B marketplaces. Its cloud-based platform helps buyers and suppliers digitize invoice processing, automate accounts payable workflows, and scale without limit. Headquartered in San Francisco, Tradeshift’s vision is to connect every company in the world, creating economic opportunity for all. Today, the Tradeshift network is home to the world’s fastest-growing community of buyers and sellers operating in more than 190 countries. Find out more at tradeshift.com.

See how Tradeshift can kick start your digital transformation journey today