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Accounts Payable Best Practices for Financial Professionals

December 7, 2021 @ 4:00 pm

Accounts Payable Best Practices for Financial Professionals-fintech.vision

December 08, 2021 | 12:00 AM PT

Fraud, technology, and regulatory changes all impact the accounts payable profession and not always in a good way. They require analysis and change. In the last few years, these issues have been impacting the function at a speed that’s hard to believe. They’ve also increased the visibility most organizations have into their function. This is a good thing for without proper attention and focus, the organization could end up with a process that is far less efficient than it should be.

Unfortunately, what worked yesterday may not work today. Best practices for the accounts payable function are critical for those organizations concerned about their bottom line. Poor practices result in excess cost, duplicate payments, increased processing expenses, potential fraud, and frayed vendor relationships.

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December 7, 2021
4:00 pm
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