Inflation Creates New Challenges for Accounts Payable Departments

Anyone who has been to the supermarket, struggled with gas prices over the past year, or looked at their 401k recently is aware of how market changes, rising interest rates, and inflation affect our personal finances. However, are accounts payable professionals considering the impact that inflation and interest rate hikes will have on their departments? Higher interest rates will bring about new challenges for accounts payable operations and bring back challenges that may have been long…