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Warren Glick, ACOM

Understanding the Invoice Process and its Challenges

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Receiving invoices are the first steps in the accounts payable cycle, but many people are unfamiliar with the background processes required to receive, verify, track and pay them. For many organizations, processing remains manual, often taking weeks to route, reconcile and obtain approvals. The inefficiencies, resource drain, and overall cost of manual invoice processing present ongoing challenges for financial managers - making the digital transformation of AP a more critical business discussion and priority. Sometimes "pulling it apart" from the basics can be an effective exercise Read More ... 

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