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In today’s cash- and liquidity-focused business environment, transparency, standardization, and efficiency are paramount. Many organizations are putting heavy emphasis on straight-through processing (STP) of payments and receivables to help boost efficiencies across the supply chain. But how a company defines the scope of the STP process can have a major effect on whether the project reaches its ultimate potential for cost savings and streamlined workflows. The scope definition can impact which department owns the process, and process ownership is an important variable in determining the extent and effectiveness of STP development. 

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