How to Solve Challenges with Invoice Aging

Are you trying to determine what is holding up your invoices and why they are aging? To get to the source of the problem, take these four steps: 1. First, determine both what is holding up the invoices and why they are aging. Ask the following questions: Is AP experiencing workflow and processing problems? Are multiple AP staffers dealing with each vendor? Is important documentation lacking and holding up the proce? How can the process be reexamined and streamlined? 2. Next, set up a meeting of…