Reduce Required Approvals for Accounts Payable

The accounts payable process is typically a long one. Part of the problem is that many accounting systems require a manager’s signature (or those of several managers!) on a supplier invoice before it can be paid. Also, most accounting systems require a manager’s signature on unapproved invoices, no matter how small the invoice may be. The result of these common approval procedures is that the accounts payable staff delivers invoices to managers for signatures and then waits until the documents are returned before proceeding further with the payment process.