With the advancements in technology and greater awareness from consumers, accounts payable software solutions today have come a long way. Gone are the days of rigid workflows and cranky user interfaces; today’s AP solutions ensure that you have a smooth user experience and allow you complete customization options. Here is what you should be looking to get from your AP software:

Process support

Your AP solution must be able to accommodate all your organizational needs and allow for smooth and streamlined operations. There should be no need to modify your existing process to suit the software when if fact, it should be this way.

N-way PO matching

The software must allow you to match your purchase orders against other documents and allow you to get real-time updates on delivery statuses.

Fraud control

The software must have effective fraud control capabilities. The software should instantly verify your invoices and invoice details and match them against those in the system to ensure the weeding out of duplicates. It should also be able to highlight any policy violations so that you can take the necessary action.

Compliance support

The software must support you with all your compliance needs, be they regulatory or any other type. It should be the supporting rock for you to base all your compliance needs on.

Processing speed

Finally, one of the things that your accounts payable software must do is to increase the speed with which processing is done. This is especially important in a process like AP where certain things cannot be triggered without the completion of certain other.

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