According to Aberdeen Research, managing regulation and compliance complexity ranks amongst the top 5 financial management priorities for 2021.
A pre-pandemic report by Levvel Research also listed lost or missing invoices, fraud and security issues and compliance/ regulatory reporting issues amongst the top pain points of manual AP processes.
AP teams that still operate under a number of manual processes often struggle with risk and compliance related issues due to the absence of a secure, centralized storage system, undefined invoice approval routes and a lack of visibility over each stage of the invoice process. Gaps such as these within the AP process can lead to security issues, increase the risk of fraud occurring and can make the task of auditing extremely difficult.
Join us on our Webcast on Tuesday 23rd March at 3:30pm GMT / 11:30am EST where we will be discussing common compliance-related challenges facing AP teams and how SoftCo's ExpressAP Automation solution addresses such challenges.
Increasing numbers of AP teams are realizing the need to address risk and compliance issues as quickly as possible. With zero upfront costs and implementation in a matter of hours, SoftCo ExpressAP is enabling organizations to achieve this.
SoftCo ExpressAP provides AP teams with complete control and visibility over their AP process by automating invoice capture, coding, routing and approval of all invoices and also includes a secure compliant archive. This ensures organizations meet compliance storage obligations, reduce risk and transform their querying and auditing capabilities.
Speaker:
Adam McDonagh, Vice President North America, SoftCo
Adam is an industry leader in financial process automation and has worked closely with CFO's and finance professionals in Fortune 500, Fortune 1,000 and other industry-leading organizations to automate their Procure-to-Pay and Accounts Payable Processes.