Best Practices for an Efficient AP Department

Efficiency is the name of the game, and businesses are deploying automated solutions in an effort to further modernize their processes. In fact, process improvement is a priority for many organizations in an effort to increase efficiency.

By identifying these as priorities, the focus has shifted and eliminating time-consuming manual procedures is now a priority. We have all heard that time is money, and manual processes like data entry, two- and three-way matching of invoices to associated documents, invoice routing, indexing and retrieval, and paper storage is currently taking up valuable time for companies.