8 Essential Accounts Payable Best Practices for 2023
Managing accounts payable might sound boring, but it holds a surprising amount of power over your company’s financial health. Missed payments and manual errors can rack up real costs, yet switching to automation can cut invoice expenses by up to 45 percent per transaction. Most people think accounts payable is just paperwork in the back office, but the truth is that top performing teams use these best practices to turn AP into a smart financial advantage.