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Accounts Payable Pain Points

Category: Blog   |   Tags: , ,

Manual processes create a lot of accounts payable pain points for organizations of all sizes.  In its 2019 Payables Insights Report, Levvel Research found that the top pain points across North American organizations include: Manual data entry and inefficient processes Manual routing of invoices for approvals Lost or missing invoices Majority of invoices received in paper format Lack of visibility into outstanding liabilities High number of discrepancies and exceptions Inability to approve invoices in time to capture discounts Decentralized AP processes Levvel found that organizations eliminate accounts payable pain points by automating their processes to create an invoice environment with … Continue reading