"Our accounts payable operations are as up
to date as our other back office operations."
Fact – Apart from EDI (electronic data interchange) with
large vendors and electronic payments, accounts payable methods
and technologies have changed little in the past 20 years. Imaging
(scanning invoices) is used simply to replace file cabinets because
accounts payable operations are so unique and common imaging workflow
systems are too generalized. EDI hasn’t become more widespread
because it is so expensive to setup with each vendor and because
Value Added Network (VAN) charges are high.