How does outsourcing enhance data privacy and compliance in accounts payable
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Outsourcing accounts payable enhances data privacy and compliance by leveraging specialized providers who implement strict regulatory standards and advanced security protocols. These experts ensure invoices meet accounting rules and payments follow laws like GDPR and SOX, adding an extra compliance layer. Providers use encryption, multi-factor authentication, and secure data centers to protect sensitive financial data from unauthorized access and breaches. Real-time reporting