Corporate accounts payable (A/P) departments are looking to operate at maximum efficiency and scale, while reducing risk and generating rebate revenue. The key to success is effective automation.
Efforts to achieve these goals frequently encounter familiar challenges. For instance, despite the focus in recent decades on transitioning to electronic payments, more than 4 out of 10 business-to-business payments are still made by check. Manual processing of checks is expensive. In addition, check payments often result in extra work for payers, who must respond to inquiries from suppliers regarding payment status because mail float slows delivery.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
