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Accounts Payable (AP) processes are an important function for every business, overseeing the outgoingpayments to suppliers and vendors. billion in 2021 to USD 7.5 This leads to more accurate data handling and efficient processing of invoices. The worldwide AP automation market is forecasted to grow from US$2.6
From receiving invoices to managing approvals, fulfilling payments, and ensuring proper accounting practices, each step in the AP process can be optimized through automation. At its core, AP automation involves using technology to streamline and optimize the process of managing outgoingpayments to suppliers and vendors.
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