5 AP Challenges for Food, Beverage, and CPG Businesses—and How Automation Solves Them

Managing accounts payable (AP) in the fast-paced world of food, beverage, and consumer packaged goods (CPG) can feel like an uphill battle. Between juggling high invoice volumes, dealing with complex vendor terms, and maintaining cash flow visibility, it’s no wonder AP processes often become bottlenecks.

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But there’s a better way. In this guide, we’ll explore five common AP challenges faced by food, beverage, and CPG businesses—and how automation can turn these obstacles into opportunities for growth.

1. High Invoice Volumes Overwhelm AP Teams

The Challenge: Food, beverage, and CPG companies process hundreds (if not thousands) of invoices each month. Manual data entry is time-consuming and prone to errors, leading to delays and missed payments.

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How Automation Helps: Automated invoice processing eliminates the need for manual entry, speeding up workflows and reducing errors. Features like AI-powered invoice coding and purchase order (PO) matching ensure accuracy and free up your team to focus on higher-value tasks.

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2. Complex Vendor Terms Cause Missed Discounts

The Challenge: Vendor agreements often include early payment discounts or volume-based incentives. Tracking these terms manually is challenging, leading to missed opportunities to save money.

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How Automation Helps: With automated systems, vendor terms are tracked automatically. Reminders for early payments and streamlined approval workflows ensure your business captures every available discount, boosting your bottom line.

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3. Managing Perishable Inventory Requires Speed

The Challenge: Perishable goods demand quick turnarounds for invoice approvals and payments to maintain optimal stock levels. Delays can disrupt supply chains, causing stockouts or waste.

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How Automation Helps: AP automation accelerates invoice approvals with built-in workflows and alerts. Faster processing means you can maintain seamless supplier relationships and ensure your shelves stay stocked.

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4. Cash Flow Visibility Is Hard to Achieve

The Challenge: Relying on spreadsheets for cash flow forecasting makes it difficult to anticipate payment schedules or plan for future expenses. This lack of visibility can jeopardize liquidity.

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How Automation Helps: Automation tools provide real-time cash flow forecasting, giving you a clear picture of your financial health. With insights into upcoming payments and anticipated outflows, you can make informed decisions to support growth.

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5. Lack of Integration Creates Manual Work

The Challenge: Many food, beverage, and CPG businesses use ERPs like NetSuite, Sage Intacct, or QuickBooks, but manual AP processes require duplicative effort. This creates inefficiencies and increases the risk of errors.

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How Automation Helps: Centime integrates seamlessly with leading ERPs, ensuring a two-way sync between systems. Updates made in one platform are automatically reflected in the other, eliminating manual reconciliations and saving time.

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Why AP Automation Matters for Food, Beverage, and CPG Businesses

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By automating accounts payable, your business can:

Save Time: Eliminate manual tasks and focus on strategic priorities.
Reduce Errors: Ensure accuracy with AI-driven processes.
Optimize Cash Flow: Gain real-time visibility and plan with confidence.
Strengthen Vendor Relationships: Pay on time and maintain trust.

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Ready to Streamline Your AP Process?

Automation isn’t just a solution; it’s a competitive advantage. Learn how Centime can help your food, beverage, or CPG business simplify accounts payable and unlock new efficiencies today.

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**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

^††3.0% Annual Percentage Yield (APY) as of 01/07/25. Deposit rate may adjust to current market rate and may change daily. Fees may reduce earnings.

*Centime is not a bank and is not authorized by any federal or state agency to engage directly in core banking activities.
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*All banking products and services available through Centime are provided by FNBO and are governed by the applicable agreements and related disclosures provided to you by FNBO. Member FDIC.
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‍*While Centime facilitates traditional banking activities (such as the acceptance of deposits or extensions of credit), these services are actually provided by our banking partner, FNBO.
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*Centime may provide support services to FNBO, as permitted by applicable law, to facilitate the delivery of its bank products and services.

**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network bank

5 AP Challenges for Food, Beverage, and CPG Businesses—and How Automation Solves Them

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