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Optimize Cash Flow in your Business Ecosystem with Accounts Payable Automation
( go to the article → https://datafloq.com/read/optimize-cash-flow-business-ecosystem-accounts-payable-automation/11261 )
Process automation future proofs your business setup. It builds up the business’ infrastructure such that you can stay ahead of the disruptions that crop up time and again. Accounts Payable automation is the lifeline of your business ecosystem, your vendors, your value chains, and supply chains. It helps you to make timely payments such that your ecosystem is resilient and has sustained cash flows. It is live and buoyant and your supply is ensured and ready next time.How Accounts Payable Automation optimizes cash flow in your business ecosystem?Assume a scenario consisting of client W and vendors X, Y, and Z. Client W has to pay his vendors regularly and in time such that they are able to process the supplies and have ready availability of raw material. If vendors X, Y, and Z are not able to process the supplies, client W’s business gets affected thus affecting his cash flow too.Accounts Payable Automation allows business ecosystems to always keep the lights on. As sending invoice images and making payments becomes online, cash flows are optimized, and processing of supplies becomes seamless thus keeping the ecosystem functioning smoothly.This solution engages straight-through processing (STP) by using intelligent document processing (IDP), robotics process ...Read More on Datafloq
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