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Amway sells consumer products in more than 100 countries and territories, and until recently its accounts payable (A/P) processes were highly decentralized. The finance function was making progress in consolidating global workflows, but payments continued to be handled in the business units. In total, divisions around the world used more than 100 different banks. They processed payments with different technologies, controls, and approval processes.

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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