Accounts Payable Outsourcing Achieves Dramatic Results
Source: Articles Factory
One of the areas that businesses have turned to in order to cut costs is invoice processing in accounts payable. Previously, companies would implement the latest technology as part of an in-house solution to cover individual AP processes such as data entry into an ERP system, verification of signature approval levels, and validation for duplicate invoices. This approach quickly became impractical as costs continued to escalate due to expanding IT resources, the need to make infrastructure enhancements, and the addition of AP processors.