Traditional approaches to accounts payable (AP) are changing and the focus is shifting from seeing AP as a cost centre to recognising it as a profit centre. To manage this change, organisations need to stop viewing AP through the lens of bookkeeping and bill payment, and begin to think about compliance, forecasting, extensive reporting, and working capital management, according to Upstream Solutions and ABBYY.

Russ Hubbard is Chief Revenue Officer at Ephesoft, the enterprise content capture and data solution provider. At the opening of Ephesoft's new ANZ HQ in central Sydney's Martin Place, IDM sat down with Russ to learn more about the company's local operations and global strategy.