COVID-19 Highlights Need for Accounts Payable Automation

An article authored by apexanalytix SVP Danny Thompson for CPA Practice Advisor tackles the disruption produced by COVID-19. Accounts payable teams who rely on manual, paper-based processes are finding that even simple tasks like receiving, processing and approving invoices are impossible to perform remotely.

Thompson recommends that companies take immediate action to reduce their future risk and improve preparedness. He explains the critical technologies and automated controls needed to maintain a smooth, continuous accounts payable workflow – even during times of crisis.

“Automation across AP processes creates greater flexibility for teams working remote, boosts protection against fraud attempts, and allows for same-day supplier onboarding without compromising controls.”

Read the complete article here.