This AP Checklist, produced by SAP (Concur Invoice), provides essential steps for managing accounts payable in highly regulated sectors. It highlights how automation tools can simplify compliance, reduce significant audit risks, and free AP teams to focus on strategic initiatives like vendor relationships and cash flow optimization. The guide details how to eliminate manual, error-prone processes by leveraging software with built-in controls to prevent fraud and ensure data visibility. It also emphasizes improving user experience, optimizing data storage for compliance, and preventing costly late payments through real-time tracking and vendor self-service portals. The document illustrates how adopting AP automation leads to greater efficiency in invoice and vendor payment management.

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