In a growing business, ERPs are critical for tracking finance and accounting. They function as the system of record for collecting, storing, managing, and monitoring essential business data.
But for accounts payable (AP), an ERP is more of a map than a vehicle. ERPs are not designed for in-depth payables execution and process-heavy operations like payables, and as a result, AP is often backfilled with staff.
An ERP can create purchase orders and store invoices from suppliers, but it cannot manage the nuances that require human touch. Download this complimentary guide to learn how to reduce payable operations costs, and the key finance issues to be ready for.
An ERP can create purchase orders and store invoices from suppliers, but it cannot manage the nuances that require human touch. Download this complimentary guide to learn how to reduce payable operations costs, and the key finance issues to be ready for.
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