Most SMEs and large organisations make a high number of purchases every month. For this, numerous bills need to be processed. Also, there are many opportunities for negotiating discounts when the purchases are made in volume. Needless to say, most businesses find it challenging to track, pay and optimise the processing of the bills.
You may think, “Does it really matter? My AP process is working fine anyway.” But this tendency of not fixing what is not broken can make your business bleed money – without even realising it. An inefficient AP (accounts payable) process can:
