Defining 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.
In this Whitepaper, we cover:
- The Four-Step, End-to-End AP Process
- How Manually Managing This Process Limits Visibility
- How Automating AP Improves Efficiency
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Inefficient processes and fraud within accounts payable can be a drain on a company’s time and money. On the other hand, AP can 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.View Whitepaper
The ‘Defining Modern Accounts Payable’ survey compiles responses from hundreds of account payable professionals across industries and seniority levels. The purpose of this report is to determine what constitutes a Modern AP Process and compare performance of Modern AP Processes to Non-modern AP Processes.View Whitepaper