How Accounts Payable Automation Helps You Survive An Audit
Accounts payable automation is often associated with benefits such as improved efficiency, more visibility into cashflow, automate approval workflows and paperless processes. But often overlooked are the benefits automation can have on your audit.
In this guide, we look into 4 major areas in your audit and the impact of automation;
- Validity for purchases
- Duplicate payments
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For the third consecutive year, MineralTree surveyed accounting and AP professionals at middle market companies to find out how they handle invoices and which attitudes and concerns are the driving forces behind the modernization of the AP process.View Whitepaper
Regardless of which ERP your team is using, traditional paper-based accounts payable processes being run through any ERP make it difficult for teams to focus on their core duties: managing accurate and timely closing, avoiding late payments, obtaining quick pay discount, and maintaining detailed transaction records.View Whitepaper