As business process outsourcing becomes more important, companies try to find new processes to standardize and after HR, it`s now the time for Accounts Payable. But according to a new research by Aberdeen Group, the companies are currently outsourcing only few processes in this area (the highest percentage is document management which is 16%).

However, the landscape is promising and companies in the survey said that they are planning to almost double the level of outsourcing in their A/P processes. The below graph shows the future targets of the companies in the survey for the next 3 years:




It is clear from this graph that companies recognize that there are significant operational benefits and opportunities in continuing to leverage automated tools by outsourcing accounts payable - and companies are moving forward on this issue.