The Accounts Payable process by far is the most important process in Finance from the point of view of need of controls and compliance, as here it is, where the company’s funds go out. Also the process is multi dimosional and has both internal and external stakeholders, given this reality the transaction have multiple back and forth across stakeholders before it is ready for payment processing. Further if the process is not streamlined, it makes it that much more laborious and tedious besides exposing the organization to potential fraud, control gaps and compliance default situations. The key challenges faced can be summarized as under: