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For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. A study by Atradius revealed that 48% of B2B invoices in the U.S. 13 top AR and AP software solutions.
With a number of invoices, pending payments, and a lot of reconciliations, it can really stress you more than anything else. This is the reason that many organizations are shifting towards automation. Companies in this region have already begun to reap benefits with timely invoice processing, enhanced cash flow and reduced errors.
Among finance professionals and business leaders, AP automation is quickly shifting from an exploratory endeavor to a key strategic priority. BILL, which used to be known as Bill.com, is a financialoperations platform that gives businesses the tools to manage AP, AR, spend, and expense automation all in one place.
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