The first is that AP has been at the center of the storm for companies across the globe. For corporate AP leaders, that means heightened responsibility and opportunity with payables playing a critical role in business continuity, cash flow management and forecasting to maintain operations amidst broken down supply chains.
Those with the existing digital infrastructure in place to access and take action based on real-time data were far better positioned to make immediate and high-value contributions to sustaining business operations than those still reliant on paper-based or faux digital systems.
The second is a rapidly emerging global tax compliance and regulatory trend that is gaining momentum in countries around the world. Download the report in full here.