Project Management

A New Approach For Reducing Risk, Driving Down Costs And Increasing Efficiencies In Accounts Payable

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Executive Summary

Accounts payable has become an area where companies are increasingly trying to cut the costs. In order to accomplish this, businesses used to turn to purchases technologies to utilize along with an in-house system. This would be used to cover individual processes, including data entry into an Enterprise Resource Planning (ERP) system, signature verification, and verification of duplicate invoices. Escalating costs due to expanding IT resources, infrastructure enhancements, and additional Accounts Payable (AP) processors, made this approach impractical.

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