Colleges and universities find that manual AP processes can harbor hidden costs such as time, productivity, and wages – ultimately adding to the amount of manual work your institution’s department is doing to get payments out the door on time.
An automated spend management platform that eliminates paper from capture to payment can help protect your bottom line from these hidden costs of AP. Read on to learn the top five AP pitfalls holding you back from maximizing your savings and optimizing your institution’s cash flow.