The goal of most finance departments, including the accounts payable division, is to process payments and pay bills accurately and in a timely manner. Read More
While invoicing is a crucial aspect of any business’s operations, the accounts payable process can eat up a surprising amount of your employees’ time. A traditional accounts payable process involves capturing the invoice (which may be electronic, but in most cases is paper-based), manually keying in the data, coding the invoice against POs or general ledger accounts, sending for approval, and finally issuing payment. In addition to the amount of time that’s spent on manual invoices, they are prone to human error which can slow down the process even further. Read More