NexusPayables provides the necessary technology to enable companies to track, analyze and report on liability and expense data to facilitate better financial reporting. As most organizations know, the rules of governance and compliance are not an exact science. Many times, in regards to AP, policies and procedures are either defined internally or outlined by auditors based upon broader industry guidelines. There are few defined “right” and “wrong” way to go about processing purchase orders and invoices, as long as a process is defined and there are significant differences between industry experts on what AP processes should be. As a result, your AP automation system needs to be flexible enough to accommodate your auditor’s direction. This article outlines the features within NexusPayables that support AP Best Practices.
Overview of How NexusPayables Supports AP Best Practices