Xero: AP Automation Makes Big Difference For Small Businesses to Fight Fraud, Unlock Efficiencies

AP Automation Tracker® - January 2022

Small businesses can capitalize on eCommerce opportunities — but only if outdated accounting processes don’t hold them back. In the inaugural “AP Automation Tracker®,” a PYMNTS and Beanworks collaboration, Ben Richmond, of cloud-based accounting platform Xero, explains how harnessing automation can help small companies reduce manual errors, cut labor costs and minimize fraud.

 

Inside the January Tracker
  • An interview with Ben Richmond, country manager of the U.S. at cloud-based accounting software platform Xero, on why AP automation software outperforms antiquated paper methods in preventing fraud and strengthening cash flow
  • Recent headlines from the space, including why 73% of companies turned to intelligent automation in 2020 and why two-thirds of corporate leaders say paper checks are the payment methods most frequently targeted by fraud
  • An analysis of how AP automation outperforms manual operations in cost savings, customer and vendor satisfaction and fraud prevention

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