Invoicing can be an expensive process that involves intensive manual data entry, revisions, approvals, and bookkeeping.
Collections are key to a low days sales outstanding (DSO) number — and the faster the money comes in, the more breathing room an organization has.
The best-performing shared services centers (SSCs) accomplish more work with fewer employees.
There’s one big factor that’s key to shaving time off of this monthly process: good quality data.
Manually entering invoices into the general ledger has a negative influence on the total cost of processing accounts payable per invoice.