Key AP Issues And How Automation Can Help?

Key AP

TechsPlace | Most organizations leverage accounts payable software to lower costs, enhance process efficiency and improve service to stakeholders. But, organizations will never achieve full benefits of shared services environment, if they rely on manual and paper-based accounting processes. Paper-driven processes create significant information gaps that negatively impact processing time, cash management, compliance and control. The following are some of the issues in accounts payable process: Accounts payable and receivable workflows Approver response times Number of invoices, checks and remittances processed in a specific time frame Time spent on exceptions…

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