Originally appeared in PaymentsSource: June 12, 2020

Inaccurate payments have plagued accounts payable and receivable departments from the time suppliers’ contracts and invoices were stored in boxes and file drawers to the dawn of data-driven digital transactions.

The more data and transactions that flow through a business, the more likely that duplicate payments, wrong amounts, wrong addresses, wrong pricing or any other number of costly mistakes will come into play.

Throw in the coronavirus pandemic, which has caused many AP/AR employees to abruptly work from their homes, and the potential for payment errors rises significantly.

Read more in PaymentsSource… 

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