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Manual AP Processes: The Perfect Recipe for Higher Ed Disaster
1reports1reporting sources2022-06-29Update
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Higher education institutions face financial compliance and efficiency pressures; automating AP processes reduces risk and improves accuracy.
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6月29日
- SAP Concur BlogManual AP Processes: The Perfect Recipe for Higher Ed Disaster
The article highlights challenges faced by higher education institutions during the pandemic in invoice and expense management: 44% of finance and admin leaders struggle with invoice volume, 42% with new spending categories, and 41% with unexpected expenses. Manual processes lead to fraud risk, errors, and delays; automation is the solution.