There was a time when inefficiency in payments processing wasn’t such a big deal. You could cover cash flow squeezes with easy credit, and most U.S. companies worked with an overwhelmingly domestic supply chain and just a few offshore suppliers and customers. The landscape for most organizations has changed dramatically.
If you still rely on manual processes, paper checks or multiple bank-based workstations, you’re at a competitive disadvantage. You’re also at an increased risk for a cash flow crisis.
Read on to learn the 5 common reasons inefficient payments processing drag down profitability, and find out if any of them are negatively impacting your bottom line.
White PaperTransforming Accounts Payable from Paper to Paperless
Less than one-quarter of accounts payable departments describe their invoice processes as being “highly automated,” Institute of Finance and Management (IOFM) reports
White PaperSaying Goodbye to Paper
Given today’s digital society, the question arises: can paper be discarded? And, if it can be eliminated in the process, what advantages might that bring to the hospital system?
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