Inefficient processes and fraud within accounts payable can be a drain on a company’s time and money. On the other hand, with the proper approach, it can be used to foster beneficial vendor relationships, improve accounting processes, increase cash flow, and generate additional revenue. The difference lies in the priorities set by the AP team and the processes it implements to achieve those priorities. Topics covered in this in-depth paper include:
- The strategic opportunities in accounts payable
- Accounts Payable’s impact on your company as a whole
- KPIs and Best Practices for effective AP processing
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