As a finance manager, you’re looking for ways to get your accounts payable team to process outstanding vendor invoices quickly, reduce operational friction, identify opportunities that help you save your company’s money, and improve vendor relationships.
When an organization procures products or avails services from vendors, the company needs to pay suppliers for them. This is where accounts payable comes into play. The accounts payable team is responsible for verifying invoices, gaining approvals, identifying areas of cost-saving, and releasing payments on a timely basis.
