a dedicated credit card can handle all those payables with one monthly payment.
by roman h. kepczyk
quantum of paperless
processing accounts payable is another of the manually intensive processes within the firm’s administrative department that can be significantly streamlined through digital processes.
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consider how many “touches” a single payable creates:
- receipt of the invoice,
- timing of payment in a folder,
- writing the check and attaching the stub,
- sending it to an owner for signature,
- filing a copy of check with backup in its own folder, and
- stuffing, sealing and sending the check to the vendor.
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