From setting up new suppliers, raising purchase orders and approving invoices, the Accounts Payable workflow is ripe with fraud opportunities and without sufficient internal control measures in place, fraudsters can gain easy access to your company’s processes and information. However, you can mitigate the risk of fraud and protect your company by implementing certain procedures, such as the automation of your invoicing process.
This whitepaper aims to better understand how construction companies across the globe are managing their growing store of company information and discusses a few of the ways intelligent information management benefits construction companies.
The significance of on-time payment hardly needs to be pointed out, but the role automated Accounts Payable (AP) systems play is often overlooked. An unreliable AP system can cause payments to be missed. With new UK measures set to severely punished late payments to SMEs, it is more important than ever large enterprises invest in an AP system they can trust.