6September 2017Copyright © 2017 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.SEPTEMBER - 15 - 2017Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510 230 0396, F:510-894-8405 September - 15 - 2017, volume 03 - 05 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Managing EditorSarah DawsonEditorial StaffSalesAaron Pierce Ava Garcia Jade RayEileen SinghJoshua ParkerRussell ThomasVisualizerAsher BlakeRenukesh GangurAccounts Payable SpecialAlena D'souzaalena@cfotechoutlook.com Editor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comTechnology is playing a key role in moving accounts payable (AP) to the next level of performance. Today, without the right AP automation solutions in place, organizations will be stuck in handling the growing number of invoices, which is beyond the capability of an AP team member to manually input, verify, and send for approval. When it comes to the types of AP technologies that help streamline the invoice approval process, enterprises often resort to three main solutions today: document imaging/scanning, automated routing and approval workflow, and automated data capture and extraction. While technologies for routing and handling workflow and approvals are boosting performance for AP departments, accounting and tech pros are expecting automation within AP environments to grow quickly in the next few years. Automation isn't just about creating efficiency for organizations, but it also reduces reliance on paper, creating a more "greener" AP processes. Alongside this, AP departments are also adopting mobile solutions through which they can access data, seek approvals, and process work in record time, all without burdening in-house accounting resources. Meanwhile, AP authorization processes are relying less and less on pen-and-ink signatures and printed forms, and are fast adopting digital authorization technology--from passcode-enabled approvals to stylus-recorded signatures--that can record individual signatures,. While digital authorization speeds up the AP process and dramatically reduces the tedium of paperwork, organizations must pay close attention to growing risks and security requirements. Going digital with accounts payable functions will lead to exceptional cost savings, but businesses of all sizes need to ensure that the savings are not lost to security breaches. In this edition of CFO Tech Outlook, we bring to you some of the best AP solution providers who have taken the baton to introduce the latest and best technologies that can take AP processes to new heights.Changing with Technology*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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