Johannesburg: AfricUpdate – News Desk
Verto has announced the launch of a new accounts payable solution designed to significantly reduce the time, cost, and complexity of managing international business payments. Integrated into the Verto Accounts product, the feature directly addresses the inefficiencies and risks inherent in manual invoice processing, enabling finance teams to streamline operations and enhance financial controls.
Businesses with high invoice volumes and international operations, particularly those operating across Africa and other global markets, stand to gain the most from this solution. It tackles common pain points such as tedious data entry, the complexity of multi-currency payments, and the high risk of human error that can lead to costly reconciliation issues. By automating these processes, this new feature empowers businesses to gain greater visibility, stronger controls, and seamless payee management at scale.
This launch comes as businesses increasingly recognise the value of automation. A recent report found that organisations, by automating their accounts payable processes, save an average of 9.9 hours per week, amounting to over 500 hours annually. Verto’s solution extends this efficiency to the complex world of cross-border payments, allowing Nigerian and Kenyan businesses to manage, pay, and track all invoices in one centralised platform while benefiting from competitive foreign exchange rates.
