Many accounts payable organizations are siloed from procurement, which can lead to inefficiencies, errors and a negative culture. Where there should be collaboration and shared goals, there is often blaming and a lack of perspective on things that could make both operations better.
Without a structured P2P operation, problems can arise from inaccurate vendor information, unclear payment terms, and duplicated efforts across groups. To add to that, AP can experience Form 1099 year-end issues,…
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