When it comes to accounts payable automation, some solutions will charge a fee per-user to access invoice information on their online portal. This expense may seem necessary, but what about when people from other departments have invoices that require their […]
Most AP departments have heard of “early pay discounts,” but in manual or partially automated departments, lengthy invoice processing times keep them from becoming a reality. However, with the proper enterprise solution, electronic invoices are processed more efficiently and early […]
It’s no secret that the accounts payable department of any large business has a lot on their plate. Between manually keying in invoices, managing exceptions, and handling supplier inquiries, the average AP staff’s to-do list seems never-ending. What many departments […]
Due to the great resignation, many accounts payable departments are understaffed, and struggling to find new people to properly take on the job. Often times, the staff that already exists are either unable to come into the office or would […]
When trying to understand how useful supplier portals can be, start by imagining a world where payments are simple. You make a deal with a supplier. You agree on a price. You pay it, then move on to the next […]
If you’re looking into accounts payable automation, you’ve likely heard the term “electronic invoicing” or “e-invoicing”. But what exactly is e-invoicing? Many people incorrectly assume that “e-invoicing” equates to “emailed invoices”—but enterprise level electronic invoicing actually entails receiving the invoice […]
As with most things that are automated by technology, many people worry that it if a machine is “doing all the work,” there won’t be any room for humans to intervene in the case of an error. However, instead of […]
As competition is increasing in most business sectors, organizational leaders are looking for their departments to start playing a more strategic role in both controlling costs and driving growth. Of course, AP departments are no exception—but the fact is that […]
We are living in the age of technology, but unfortunately, many accounts payable departments are stuck in the past. Even though technology is advancing more every day, some departments are still utilizing low-level processes, or even entirely paper processes. These […]
