HFMA Educational Report

Hospitals that automate the accounts payable (A/P) function can reduce invoice time and costs, improve cash management visibility, and support better vendor relationships. With this in mind, this report explores how several hospitals are using electronic payment approaches with suppliers, such as buyer-initiated payments and purchase cards, to improve A/P processes. The report also offers advice for moving away from paper-based systems and ways to leverage electronic invoicing.

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Publication Date: Sunday, February 01, 2015