AR | O2C | C&C Advisory Panel Recap

A recap of the IOFM AR | O2C | C&C Advisory Panel meeting of March 22, 2022  - Topics of discussion: Complexity of invoices. Vendors require invoice customization, which can become cumbersome for AR. AR must create different formats with extra items and information added as requested by customers. Invoice standardization. A challenge for U.S. financial operations is that the United States has no standards for how suppliers should submit invoices. An organization called “The Business Payments…