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Automation has revolutionized the way finance teams operate, with accountspayable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. The Rise of AP Automation AP automation has transformed how businesses handle outgoingpayments.
Statistics say that in 2023 alone, the global accountsreceivable automation market was valued at $3.81 Managing your business Accountsreceivable and payable is tough! With a number of invoices, pending payments, and a lot of reconciliations, it can really stress you more than anything else.
A lower DSO means faster payment, which translates to healthier cash flow, while a higher DSO indicates that it’s taking longer for your business to receivepayments. days to collect payment after making a sale. text{ days} ] This means it takes your business an average of 7.5
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