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| Accounts payable process http://www.arwen-undomiel.com/forum/viewtopic.php?f=30&t=342866 |
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| Author: | Tnfk [ July 8th, 2025, 7:06 pm ] |
| Post subject: | Accounts payable process |
Our accounts payable process is so slow. We have invoices sitting around for weeks waiting for approval and our vendors are getting annoyed about late payments |
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| Author: | Dosl [ July 8th, 2025, 7:58 pm ] |
| Post subject: | Re: Accounts payable process |
Same here. Our AP team spends half their time just trying to find the right people to approve invoices. It's ridiculous how much time gets wasted on something that should be simple |
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| Author: | Alexxass [ July 8th, 2025, 8:29 pm ] |
| Post subject: | Re: Accounts payable process |
We had exactly the same problem until last year. Our AP department was drowning in paperwork and manual processes. Vendors were calling constantly about payment status and our team couldn't give them clear answers. We implemented precoro and it fixed most of these issues. Now invoices get routed automatically to the right approvers and everyone can see exactly where things stand. The system matches invoices with purchase orders automatically so there's less manual checking. Our payment cycle went from 30+ days to under 10 days on average. The AP team is much happier now and vendor relationships improved a lot. |
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