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It’s almost always down to one, or probably more, of these prevailing factors: Misaligned business objectives Poor data Inadequate or clunky technology Lack of mandate These are usually a product of the procurement team and its leadership. These applications usually also have shorter implementation times, and therefore, faster ROI.
But while there are key insights that procurement and accounts payable teams can draw from invoices, the invoice processing activities can be tedious, time-consuming, and costly — especially processed manually across siloed systems, disparate legacy solutions, and disconnected processes.
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