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Bookkeeping and Accounting

Bookkeeping and accounting services related blogs.

Accounts Payable Finance Outsourcing Blog

Accounts Payable 2.0: What are The Needs of Accounts Payable Today?

By Bookkeeping and Accounting, Finance & Accounting, Financial Services, Industries
Accounts payable (AP) is a critical function in any organization that involves managing its financial obligations and ensuring that all vendors and suppliers are paid accurately and on time. In today’s competitive business environment, the accounts payable department faces various challenges that necessitate new and innovative solutions.
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Accounts Payable Outsourcing Efficiency ARDEM Blog

Allow ARDEM To Manage Your Accounts Payable And Boost Efficiency.

By Bookkeeping and Accounting, Business Process Outsourcing, Finance & Accounting, Financial Services
Accounts Payable function plays a crucial role in ensuring organizational financial well-being. It is widely acknowledged that manual AP processing leads to a slower process, lost documents, data inaccuracy, poor supplier relationships, and loss of benefits from vendors. Manual AP processing is not just costly but also exposes the cash flow to imminent risk. In fact, some research reveals that the average cost of single invoice processing manually is around $15. Surprisingly, it can be as high as $40 in some cases. Read More