Accounts Payable: Still Too Many Outfits Drowning in Paper

 

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AP functions are still drowning in paper according to APQC benchmarking data. There are numerous benefits of automating the AP process which can lead to greater working capital efficiency as finance can more accurately forecast upcoming cash requirements and make decisions regarding speed of payments and early-payment discount opportunities. In this article, learn the percentage of Invoices manually keyed by top and bottom performers, and how to improve upon this measure.

 

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