14 reasons why accounts payable is so gnarly and in need of repair.
Accounts payable is a hard problem. We know because we created a system to fix it. That it is hard and complex is also why it has taken so long to come up with a good software solution to address it fully.
We know that you know it’s an inefficient hassle. But your boss may not believe that fixing it can solve a world of hurt, so we’ve put together this handy list of all the things that make accounts payable such a time-consuming and, well, gnarly part of your accounting process. Maybe it’ll help your management realize that fixing it will save a lot of time, money, and hassle across your whole organization.
Phew! It’s a lot to handle. But, there is a better way.
We had to understand every flow from every user type (those spending, those approving, those booking, those reporting/analyzing, vendors) in order to come up with the best fix. The good news is that we did fix it. The broad array of issues that get kicked up each time someone in a company wishes to spend money is exactly what a comprehensive spend management system addresses.
The right spend management for your company can end the chaos. Discover how Airbase lets you build the type of finance operation that you deserve. Book a demo today!
Check out The Unicorn Playbook for first-hand accounts of how finance leaders scaled their companies through the chaos of hypergrowth.
Airbase offers a one platform solution to manage all non-payroll spend. It provides oversight and control over spending with real-time reporting and automatic syncing directly to your general ledger. Control all payments – physical cards, virtual cards, ACH, and checks – from one place. Close faster. Empower employees. Control spend.
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