We've all heard the stories, and hopefully they’re not from personal experience: The important invoice that went missing, buried in a pile of papers on a desk somewhere and not discovered until three weeks after it was due, incurring late payment fees. Or the fake invoice that accounts payable paid, costing the company an embarrassingly large sum. And we’ve all wasted time entering the exact same data in an AP subledger, then onto a check or online bank account, then into a reconciliation spreadsheet, then into a general ledger. Automated AP solutions can help avoid these scenarios.
In this ebook we look at what chief financial officers, controllers and AP managers should consider when selecting an AP solution.