Lost In Transaction 2010

By Basware Corporation

The 2010 Lost in Transaction research, commissioned by Basware, explores the relative strengths and weaknesses in the financial processes behind Accounts Payable (AP) departments across Europe, America and Australia. The report goes on to describe the characteristics of best practice financial departments and offers recommendations for companies looking to improve this aspect of their business.

With direct control over cash flow, finance professionals are under growing pressure to strengthen controls, drive out costs and to increase process efficiency. They have a number of tools at their disposal to achieve this but the research shows that they are not always using these to best effect.