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Your company must go through the same process, otherwise known as accountspayable reconciliation. In layman’s terms, accountspayable reconciliation is the recurring checks and balances of your company’s finances. The post How to Ease AccountsPayable Reconciliation With Automation appeared first on AvidXchange.
An accountspayable department is an integral part of any organization, responsible for managing and processing all outgoing payments to suppliers and vendors. An inefficient accountspayable process can result in lost opportunities, damaged vendor relationships, and cash flow issues.
AvidXchange is transforming the AccountsPayable process one company at a time. On today’s episode we’re going to talk about digital skills. Was it accountspayable? 2:12 RHONDA GREENE No. Not just digital skills – we’re going to talk about closing the digital skill gap.
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This is one key reason why AccountsPayable was reported as the top digitization priority for the back office for the last two years. MineralTree helped both AP staff members save 80% of the time we used to spend on our manual process,” said Ruby Linkins, cCare’s AccountsPayableSpecialist.
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