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What if your accounts payable department could realize a positive ROI by automating the accounts payable lifecycle? While it may sound too good to be true, leading edge organizations are doing just that.
Many AP departments today have successfully transformed themselves into a profit center, realizing a typical 60 percent to 80 percent reduction in invoice processing costs and 90 percent savings from converting to electronic payments from paper checks.
With AP automation you can:
Significantly reduce operational costs
Enhance cash flow analysis and liquidity management
Capture more early-payment discounts
Watch part three of this four-part series outlining how AP teams can eliminate paper-heavy processes which bog down efficiencies and productivity.
Choosing a payment network partner may or may not be the right choice for your organization. If you do choose to investigate that avenue, however, here are seven questions you should ask a prospective partner, to be sure you get what you need (and maybe some added benefits you haven't thought of yet).
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