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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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.View Whitepaper
This report shows the difference between trying to improve processes with existing tools and fully automating invoice management with a dynamic invoice approval workflow solution.View Whitepaper