![]() ![]() For example, what happens when an invoice appears but there is no matching purchase order in the system? What about when a late invoice notice arrives but no one remembers seeing the original request for payment? These issues can quickly affect your business and even damage supplier relationships if they persist.Īddressing these problems can be a daunting task. Unfortunately, AP teams often face multiple challenges in the course of their daily work. The latter is easy to undervalue-until you need a rush order or some consideration on price, and then your business’s reputation and account in good standing become essential. There’s no shortage of accounts payable work at most companies, especially larger ones, and that work is critical for maintaining both positive cash flow and robust vendor relationships.
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