Accounts payable invoice processing is a demanding part of operating a business but an aspect no organization can overlook. Without a sophisticated accounts payable procedure, your credit rating may be impacted. Your business might be subject to penalties, supplier relationships may be jeopardized, and bills might not get paid on time.
To ensure smooth operations of such processes, read this post to discover if you are inadvertently making any mistakes with accounts payable invoice processing.
1. Not Using E-Invoicing
E-invoicing, or electronic invoicing, can do away with paper invoices and save your business time and money. With e-invoicing, you can receive, manage, and pay invoices all in one place electronically.…Continue reading