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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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
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