A large number of companies are yet to embrace the AP automation process, which means paper processing is still rampant. What these companies fail to understand is that the automation system can help them get a clear idea of the accounts payables based on which their Chief Financial Officers (CFOs) can strategically plan the future of the organizations. However, a 2013 study conducted by the Institute of Financial Operations presents a silver lining to the whole situation. It reveals that 75.3 percent of businesses are moving towards an electronic accounting system. Any organization that has taken the AP ‘leap’ knows that this initiative helps them track their performance quickly. Moreover, reports are generated based on the key performance indicators (KPIs) that further help companies expand.