Remove 2029 Remove Invoice Processing Remove Management Accounting
article thumbnail

7 Steps to Automate your Accounts Payable

Nanonets

Fraud and Compliance Risk : A study by the ACFE found that 14% of fraud instances originated in accounting departments, with a median loss of $200,000 per instance. Lost Productivity:  The average invoice processing time in a manual environment can reach as high as 45 days. between 2022 and 2029.