Late payments are driving factor in costing businesses $45m a year and ‘fueling a financial health crisis’ while harming supplier relationships and undermining ethical business practices.
Eight in 10 finance chiefs are prioritizing preparing their departments to operate under increased regulatory scrutiny, according to a new global study. The research, commissioned by Basware, a global leader in AP automation and invoice processing and conducted by global research and advisory firm Forrester Research, revealed that 84%of finance leaders said that adapting to stricter compliance standards was a critical or high priority for the year ahead. As organizations worldwide face pressures to elevate...