FAQ - Best Practices

    Accounts payable professionals spend a staggering 84 percent of their time bogged down by a seemingly endless list of manual and semi-automated invoice approval processes, studies show.

    Leveraging certain virtual card programs for electronic payments enables buyers to instantly extend their Days Payable Outstanding (DPO), a measure of the time it takes a business to pay its suppliers, without changing their payment terms.

    By leveraging the advanced analytics, dashboards and reports in accounts payable processing software, key stakeholders can drill down into the information, analyze issues, and uncover opportunities.