Every month, an average midsized company may process over 1,000 invoices. That's 1,000 opportunities to pay on time and maintain strong vendor relationships, or 1,000 chances for something to go wrong ...
Many companies accept slow, manual accounts payable processes as an unavoidable part of operations. Paper invoices pile up, data entry consumes valuable time, and approval delays frustrate vendors.
Invoice and payment fraud has always been a challenge for businesses. But in recent years, it’s a challenge that has become that much more difficult to combat and control. While compromised business ...
Invoice processing often leaves room for human error, leading to data discrepancies that require even more time to investigate and resolve. Procurement and finance solutions company Corcentric ...
Did you ever stop to think how much manual work is involved in processing an invoice? If you haven’t, take a few minutes to ponder how many times the average invoice in your organization is touched by ...