Electronic Invoicing + Electronic Payments = Successful A/P Automation

Source: Association for Financial Professionals

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As organisations in the US increasingly weigh the benefits of electronic invoicing, understanding the importance of automating the payments process that completes the invoice-to-pay cycle is critical to ensuring success. By automating payment processes through the use of web-based payments platforms, organisations can leverage new-found control and visibility to maintain their desired DPO levels while capturing early settlement discounts that improve working capital and supplier relationships.
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Date:Apr 2008