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As organisations look to tighten control of costs in the current downturn and protect lines of credit with their suppliers, the need for accurate financial processes has become imperative. A recent survey among Accounts Payable (A/P) professionals cited cost reduction, process improvement and increased control as the three major challenges facing them in 2009. As A/P is heavily reliant on paper-based procedures, control and visibility are two of the biggest issues that companies must battle with.
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