If the thought of auditors knocking on your department’s door makes you cringe, you are not alone. Compliance is also top-of-mind for CFOs. Sixty-two percent of CFOs at best-in-class organizations identify compliance and risk mitigation among their top priorities (The Hackett Group).
The problem is that paper-based accounts payable processes make it difficult, if not impossible, for businesses to ensure regulatory compliance. Paper-based accounts payable processes do not provide: