Investing in automating invoice receipts and accounts payable workflows represents the most effective answer to accounts payable challenges and is the top-ranked strategy for top-tier accounts payable firms, according to independent analysts. While lagging companies struggle with high error rates and exception management costs, the leading companies are accepting a higher proportion of electronic invoices, allowing them to take timely action to take advantage of discounts and avoid late payment penalties. In addition, leading companies are consolidating people, departments, processes and systems into an integrated, end-to-end accounts payable process
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