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Challenges and Opportunities in Automating Accounts Payable and Accounts Receivable Processes for SMBs
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Overview
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36% of SMBs believe cost and complexity are major barriers to automating accounts payable (AP) and accounts receivable (AR) systems. However, the report emphasizes the importance of embracing automation to streamline operations, improve cash flow, and strengthen vendor relationships.
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How can technology or automation partners help SMBs overcome cost and complexity concerns?
What are some specific challenges faced by SMBs in automating their accounting processes?
What are the potential consequences for SMBs that fail to expedite the automation of their AP and AR processes?
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