the hidden costs of in-house accounts payable, from labor to errors
https://kmkventures.com/guide-....to-outsourcing-accou
In-house accounts payable comes with hidden costs that can erode your bottom line. Labor makes up about 62% of AP processing expenses, with manual data entry, invoice approvals, and error correction consuming valuable staff time. Manual processes also lead to frequent errors—only 39% of invoice mistakes are caught, increasing processing costs by up to 20% and triggering rework, late fees, and missed early payment discounts.
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