Insights and updates

From system of record to system of execution: what ERX means for accounts payable

Gartner has put a name to something AP teams have lived with for years. In its piece ERX: the next generation of intelligent and autonomous ERP, it describes traditional ERP as a passive system of record, built to track past events. The next generation, which Gartner calls enterprise resource execution (ERX), acts on what is happening now.

Most GR/IR accounts carry a balance nobody has looked at properly in months. It rolls forward at every close and quietly grows.

Inside that aged balance sits real value: over-accruals that will never be invoiced, duplicate GRs, payments made outside the PO, and credits nobody ever claimed. Every line resolves to one of two outcomes. A liability released to profit, or cash recovered from error.

AI-powered '360° AP Accurate' solution now available in Coupa App Marketplace

AP Accurate is now available in the Coupa App Marketplace, extending Coupa's platform and increasing financial controls, on-time supplier payments, and reduced supplier queries.

What is Accounts Payable? A Simple Guide to the Fundamentals

Accounts payable is one of the most important yet often misunderstood parts of business finance. Learn the fundamentals of AP, common challenges, and how AI is transforming the process.