Featured

Featured
Ted McRae
November 21, 2024
When Knowledge Walks Out the Door: Solving the Accounts Payable Turnover Crisis

Employee turnover in accounts payable can disrupt operations, leading to delayed payments, coding errors, and lost vendor relationships, especially when critical knowledge walks out the door. New hires often retain only a fraction of the information transferred, resulting in inefficiencies and increased financial risks, including missed early payment discounts worth 1-2% of invoice totals. MakersHub offers a solution by embedding vendor knowledge and workflows directly into its system. With rule-based automation and built-in intelligence, it streamlines onboarding, ensures consistency, and safeguards your AP processes, making turnover a non-issue and keeping your business running smoothly.

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