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million by 2029, with a compound annual growth rate of 10.8% between 2022 and 2029. AP automation also reduces the risk of fraud and errors, leading to smoother audits and accurate financial records. This allows for easier monitoring and reporting, which can help with compliance, auditing, budgeting and forecasting.
Compliance and Fraud Prevention : With built-in compliance checks and audit trails, AP automation tools help businesses adhere to regulatory requirements and reduce the risk of fraud. million by 2029, with a compound annual growth rate of 10.8% between 2022 and 2029. Does AP automation work with other accounting systems?
Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." Handling exchange rates, compliance with foreign regulations, and reconciling multicurrency transactions require specialized tools and expertise. " But let's not kid ourselves.
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