Apr 29, 2016
Reason #4: Better Process Visibility
Visibility and Compliance go hand in hand, but each offers its own unique benefits to an organization when it comes to AP. Lack of visibility to outstanding invoices leads to incomplete accruals and under-reported expenses, creating compliance issues and putting cash flow at risk. Smart AP processes deliver complete transparency to invoice approvals, delivering automatic, real time visibility to accruals for better cash flow management and tighter compliance.
At the end of the day, better process visibility allows organizations to make informed decisions about when to pay vendors, how to maximize efficiency and how to scale operations to meet the needs of dynamic organizations poised for geographic or financial expansion.