Reality: You don’t need to be a company with a million transactions a year to benefit from AP outsourcing. In fact, outsourcing works well for small companies because the economies of scale outsourcers can provide delivers features and benefits to those companies at a much lower cost than if they tried to handle it in-house. Additionally, accounting staff and financial managers at smaller companies often have varied responsibilities, and outsourcing the tactical function of AP enables them to focus their efforts on more strategic tasks.
Curious about other AP outsourcing myths? Read the top ten myths below.