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Pros & Cons of Accounts Payable Outsourcing vs AP Automation
For instance, top-performing AP teams process nearly four times the number of invoices than bottom performers, according to American Productivity & Quality Center (APQC) benchmarking data. While cost reduction can be important, it’s rarely the sole motivation for outsourcing AP. In fact, Deloitte reports that COVID challenges have most organizations focused on “standardization and process efficiency” as […]
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Accounts Payable Outsourcing: Here’s What You Need to Know
Accounts payable is one of the most important—and complex—aspects of any business. Managing payments, invoices, and vendor relationships can be time-consuming and difficult to keep track of. You should also pick partners used to working with similarly sized organizations. With less scale, smaller enterprises need more flexibility from outsourcing partners than multinational corporations. Larger outsourcers are […]
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