PROCURE-TO-PAY will inevitably get ahead . The next step is process automation , which is extremely data-reliant .”
The future of P2P – 2023 and beyond For Hajdas , the future of P2P rests unequivocally on further investments in new technologies such as machinesupported processes and insights from data . “ However ,” he says , “ as we build our roadmaps and plan our budgets , I would pay special attention to legislative changes , especially downstream in Accounts Payables .
“ Governments are looking to eliminate tax leakages by implementing strict e-invoicing regulations . Navigating between all the different platforms and figuring out how to align our internal requirements with those that are mandated by the authorities will be a challenge . For some countries this will have already materialised this year . For many others , these critical regulatory changes will take effect in 2024 .”
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