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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.
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Coupa is a comprehensive spend management platform that includes centralized request and approval workflows, invoice and expense automation tools, vendor onboarding and integration solutions, and a one-stop global payment platform for rapid-fire reconciliation. What is Coupa? offering a broad compatibility range.
Some of the main tasks outsourced teams can handle on your behalf include: Invoice management Expense reporting Check processing Order management Collections management Preparation of Financial Statements Outsourced accounting firms can help you prepare financial statements for your clients.
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