Treasury and finance leaders have been pretty hands-off when it comes to leading the charge for AP and AR automation initiatives. Now that the pandemic has raised the critical issue of cashflow from both the buyer and supplier sides, they need to be taking matters into their own hands.

The digital transformation of AP and AR processes can help to create synergy and efficiency throughout the entire cash conversion cycle in order to better manage cash, make smarter business decisions and build stronger bottom lines that will hold up even in times of economic uncertainty.