Any business has operating expenses, but for managers of the alternatives industry, like hedge funds and private equity, the accounts payable process is extra complicated. IntegriDATA CEO and Founder Mitch Schulman and Head of Business Development and Marketing Nick Molina say this industry, like many others, is plagued by paper-based invoices and expense management dependent on spreadsheets. But, they told PYMNTS, these manual tactics are particularly threatening to the wellbeing of, say, a hedge fund.

Read more at PYMNTS.com.