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According to Forbes Magazine, a leading provider of articles on finance, industry, and investing, one of their top technology trends of 2013 was that, “Corporate IT will move to the cloud.” They said that, “soon you’ll be able to read about companies with 10,000 employees who don’t have dedicated data centers.” This is a prediction that continues to come true every day, as more and more mid-market companies look to cloud-based payment and AP automation solutions.
If it isn’t broken, why fix it? That’s the general sentiment when it comes to companies’ current vendor approval process, and the process that’s in place for adding new vendors. Why is there so much hesitation around optimizing these processes? The simple truth is that doing anything new can be risky. The risk is that you’re talking about changing a process that, let’s face it, has worked and is probably not all that bad.
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