3 Critical Business Continuity Measures for Accounts Payable

Read the guide to discover how you can help your accounts payable team emerge from this stronger and more efficient than ever before.

Many companies have had to shut down or limit access to offices, encourage or mandate work from home, and cancel events and gatherings. These are the right measures to protect society at large, but they are also costly, difficult and carry unknown implications for every organization.

Balancing the necessity of distancing employees with continuing vital business in a struggling economy is top of mind everywhere. Even the best business continuity plans didn’t contemplate the circumstances we now find ourselves in.

Accounts payable departments are responsible for paying an organization’s bills, but due to work from home measures employees are now having to process invoices and payments in new, unexpected ways.

In addition, only 1 in 5 organizations had factored payment security processes into their continuity plans, per Strategic Treasurer.

Paying vendors is a business-critical function, so how can accounts payable departments continue to do their part to keep business moving forward?