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How COVID Changed AP Forever, and Where We’re Headed Now
Manage episode 395985149 series 3221063
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When COVID hit, many Accounts Payable teams were unprepared, particularly if they relied on paper invoices and checks. Lynn Tate, APM, Accounts Payable & Expense Report Analyst for Urban Science Applications Inc., found herself in a situation that required a significant degree of creativity: In order to get her invoices approved and paid in a timely fashion, she needed to quickly find a way to manage them remotely.
What she settled on was a cloud-based file sharing service that enabled her to notify her teammates when there were invoices that needed review. She was able to alert them automatically, obtain the approvals and get the payments queued up for processing with minimal delay.
In this podcast, we’ll not only discuss how she made this decision and got things set up — we’ll explore the lessons she learned along the way and how the challenges of the pandemic actually ended up benefitting her process long-term.
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