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As expectations and complexities of accounts payable continue to rise, accounts payable professionals are required to support diverse payment methods, initiate cross-border transactions, and take on dynamic tax compliance and financial reporting – all while operating with a smaller operational footprint. Manual processes in this environment are creating dangerous gaps in maintaining and strengthening robust AP financial controls. The risks are substantial because money that leaves a company’s bank account – certainly by nefarious means – is not coming back. One solution is to employ accounts payable automation. While AP automation provides workload benefits such as lowering invoice and supplier payments processing costs, while impacting productivity across the enterprise, it should also be the hub for enforcing strong financial controls. AP automation enables processes that identify and mitigate payments risk exposures by properly aligning funds, people, and processes. Download now to learn how AP Automation can save your business from payments fraud. |
