Whitepaper: Defining Modern Accounts Payable
Mastering the End-to-End Process
The first step to managing accounts payable more efficiently is gaining an understanding of what the end-to-end process entails. At the end of the day, every accounts payable process includes four distinct steps — invoice capture, invoice approval, payment authorization and payment execution. Manually managing these four steps increases the chances of input errors, creates drag on resource time, limits visibility into invoice payment status, and limits control over short-term cash flow. Topics covered in this in-depth paper include:
- The Four-Step, End-to-End AP Process
- How Manually Managing This Process Limits Visibility
- How Automating AP Improves Efficiency