Accounts payable, which is often abbreviated as AP, refers to a department in an organization that manages payments made to suppliers and vendors. Handling accounts payable can be challenging, especially if your company deals with high volumes of invoices. Plus, you have to ensure that these invoices meet all your purchasing needs—which may include supplier discounts, specific delivery instructions and more. If your company doesn’t have an adequate tool for managing accounts payable and AP processes, then you’re probably facing some problems. As businesses grow, they face new and bigger challenges with regards to their accounts payable process. With more employees to manage, it becomes tougher to keep track of all transactions, payables, outstanding payments and so on. Most businesses look for a way out in the form of expense management software or accounts payable software. In other words, software that can automate these payment processes. This is where Accounts Payable Challenges come into play! Here are ten major issues every company faces and how you can solve them: https://www.invoicera.com/blog/accounts-payable/biggest-accounts-payable-challenges-every-company-is-facing/