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The Global Challenge in Financial Operations: Managing Complexity, Ensuring Compliance.

Published by Basware

The document discusses the evolving landscape of accounts payable (AP) organizations, emphasizing the challenges and opportunities in financial operations. It highlights the transformation of AP from a back-office function to a crucial part of business operations due to automation and improved data quality. Key findings include AP's growing value to business operations, the increasing complexity of invoicing, and top challenges such as exceptions, approval delays, and fraud risk. The document also addresses global compliance, noting over 50 regions with specific invoicing mandates and the importance of strategic responses to regulatory changes for improved efficiency and risk management.

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