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Why SMEs Should Protect Credit With Automated Accounts Payable

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Executive Summary

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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