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One Exec On Escaping Accounts Payable Hell Learn how this COO escaped accounts payable hell.

By David Port

This story appears in the September 2016 issue of Entrepreneur. Subscribe »

Cody Pickens
Touch of Modern COO and cofounder Jonathan Wu

Touch of Modern COO and co-founder Jonathan Wu used to love handling payments for his suppliers. It showed him just how fast his company, a well-curated shopping site for men, was growing. (Sales hit $100 million in 2015, just its fourth year.) "But it got really tedious really fast," he says. "I was blocking out a whole day each week just to process payments." So he started looking for a fully automated system that would free him up to focus on building his business.

Related: 10 Questions Every Entrepreneur Needs to Ask Suppliers

The fix