Accounts Payable

Is it Working?

Results from the first full year of service have shown significant improvement in the processing time for invoices. Over the course of the first year, APIS processed about 20% of the total invoices paid and those invoices were processed on average 14 days faster than the rest of campus. As well, the invoices processed by APIS realized more than 10 times the early payment discounts captured by the rest of campus. Early payment discounts result in cost savings for the unit (account) purchasing the goods.

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Accounts Payable

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