Predictive Analytics & AP Automation

In a recent article, the Harvard Business reviewed the differences between forecasting and predictive analytics and, how a company’s analytics are related to its profitability. http://bit.ly/2dJ7wzb So, in answer to the first question, predictive analytics goes way beyond forecasting because … Read More

Adapting to the use of Automation in Business

When the use of artificial intelligence was first introduced, there were many science fiction movies made about the effect it would have on mankind. Computers and robots were often portrayed as sentient beings whose ultimate desire was to take over … Read More

Breaking Through the Glass Ceiling of AP Automation

A dramatic change is occurring in the perception of the worldwide market about the strategic importance of the accounts payable department. Business leaders are beginning to understand its importance in the making of primary monetary decisions. This is a clear … Read More

The Effect of Accounts Payable Automation On Cash Flow

Nearly every manufacturing firm has had the experience of checking an inventory list for a requested item and finding that the supply was listed at zero, only to later discover that there were several of the same items sitting somewhere … Read More

Overlooking the obvious in AP Communication: Go Mobile

According to some recent industry research, the findings are that mobile technology is definitely under-utilized in the processes of Accounts Payable management and workflow operations. This would appear to be a bit surprising to most AP managers since there are … Read More

Surmounting the Accounts Payable Supplier Hurdle

Accounts payable technology in America has become well-established and is advancing rapidly. However, as with other technologies, even though positive changes are occurring rapidly, they are not necessarily being rapidly accepted. Defining the Problem The most efficient accounts payable process … Read More

The Competitive Edge with AP Automation

Accounts payable automation and a competitive edge are directly related. The link may not seem immediately evident, but according to Mary Driscoll, a senior researcher at APQC in Houston, there is a connection. In her article posted on ww2.cfo.com entitled, … Read More

AP Automation: Helping Organizations Run Smoothly

It’s no accident that the word “corporation” derives from the Latin word “corpus”, meaning “body”. A business, in fact, is in many ways like the human body. It’s a living, breathing, functioning entity that is energized when it’s running smoothly, … Read More

Is AP Automation Good for Moral?

With newer developments in automation, the reality of machines replacing certain jobs has come into much clearer view. But is this something for the workforce to be concerned about? Especially AP departments who fear their positions will be replaced due … Read More

AP Automation and Your ERP System

When you get your first enterprise resource planning (ERP) system for your organization, that is the perfect time to also implement an effective AP Automation/Electronic Invoicing solution. That way, both systems can work together for optimum efficiency in collecting, storing, … Read More