October 2023
Managing cash flow is a vital part of running a business. It can also be one of the most challenging aspects. Accurate data on how much money a business is bringing in (accounts receivable) and how much it is obligated to spend (accounts payable) is essential for maintaining business operations. A company could find itself without enough working capital to pursue its goals or cash on hand to keep the lights on. Accounts payable automation (APA) offers businesses a way to keep accurate and efficient records of current liabilities, make timely payments and minimize the risks of fraud or regulatory noncompliance. Read on to learn more about APA and how it could benefit your business.
