The NetSuite Accountant

Four ways a procurement system can automate the AP process

Paul Giese Jul 22, 2019 5:15:00 AM
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Accounts payable is the foundation of a biotech’s financial statements. This role is often filled by entry-level staff with high turnover. This can cause problems for financial reporting. Thankfully, an advanced procurement system, if configured properly, can automate parts of the accounts payable function, ensuring that disruptions have a smaller impact on financial reporting. Here are four configurations that can automate accounts payable:

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