Automate Accounts Payable Business Processes

AP is a document-driven process. Some invoices are simple, some complex. Some arrive electronically, some through fax machines. Despite ERP efficiencies, manual AP document processes that support ERP data extend cycle times and risk of error. Paper-shuffle processing and approval, duplicate data entry and lack of effective collaboration often result in missed discounts, late-payment penalties and inaccurate accruals.

Staying strategic and Lean in AP can be critical to the financial health of an organization during busy and slow periods.  Every discount must e found and every penalty avoided. Organizations look to improve AP processes in slow times in order to prepare for higher activity when productivity is up and payments to suppliers increase.

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