Payment Automation: The Value Of Optimizing Payments
On an annual basis, companies waste $550 billion on inefficiencies associated with payments. The process of preparing payments and sending them to vendors is extremely manual. In this paper, we look at how automation technology enables you to optimize your payment process.
Isn’t it time you eliminated these issues using payment automation?
- Payment methods chosen are not cost-effective
- Different processes for checks, ACH payments, wire transfers, and credit cards
- Payment controls are difficult to monitor and enforce
- Payment risk exposures that are unchecked or unknown
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While purchase orders provide greater visibility and control, they also create headaches for AP departments. AP automation is the key for purchase order to invoice matching.View Whitepaper