Payment issues- how can companies minimize the risk of duplicate, fraudulent, and late payments?
OVERVIEW Corporate interest in implementing automated solutions will not only streamline and optimize payment operations, but will also create new issuesof risk of which management and staff remain unaware. Organizations are continually striving to address inefficiencies in financial supply chain processes. These firms are exploring innovative ways to leverage automation not only to contain costs from a tactical perspective, but also strategically to enhance control, improve visibility and manage spend. This effort will reduce the process cycle time and thereby reduce working capital requirements. Accounts Payable Automation is emerging as one of the key components of this financial supply chain strategy. Payment issues WHY SHOULD YOU ATTEND The payables landscape is being changed by emerging financial solutions that enable trading partners – buyers, suppliers, and banks – to seamlessly exchange transaction-related information as well as money. These changes have i...