Top challenges that most of the businesses face while in accounts payable management are delayed invoice approvals, duplicate payments, fraud risks and compliance issues. When manual processing, human errors are made, invoices are missed, and all this impacts cash flow. Vendor communication with regards to payment policies can also lead to disputes and payment penalty fees. Automation, close internal controls and continuous AP process audit not only help in overcoming such challenges but in fact become a supporting role in the pursuit of corporate governance. Moreover, outsourcing to experts in AP mitigate the risks and makes the operations much more efficient.

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