Taking Accounts Payable to the Next Level

Most people these days continue to think that AP departments are meant for just focusing on certain manual activities and data entry. But, that was in the past. Fast forward to current day and well into the future of business … Read More

How E-invoicing Enhances Collaboration

Collaboration between two business partners always begins with the understanding that the combined efforts of two partners together are more potent than those of any single entity standing alone. Collaborative arrangements are possible both inside and outside of an organization, … Read More

CFO’s and The New Accounts Payable Department

The question of whether automation ought to be used in the accounts payable department is no longer a relevant one. So many other business functions are now being automated that accounts payable is quickly following suit. The larger question is … Read More

Three Important Elements of a Successful AP Department

As competition is increasing every day in most business sectors, organizational leaders ask all their departments to start playing a more strategic role in both controlling costs and driving growth. And, of course, AP departments are no exception. But, the … Read More

How AP Automation Facilitates Business Contracts

Buyers and suppliers negotiate contracts all the time. Sometimes they are in the form of purchase orders that must be accepted when received. At other times there are lengthier general contracts involved that are negotiated before a purchase order is … Read More

Innovation with AP Automation

The very definition of an entrepreneur implies someone who innovates. Innovation is what drives the market; without it, the spirit of competition would drown in a sea of redundancy. Although innovation is often seen as something that comes from the … Read More

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

E-invoicing is Like a Perfect Round of Golf

If you understand the game of golf, then you know that it gives you numerous hazards to be avoided, like sand traps and water hazards, not to mention the fact that every single course is different. And, even when you’re … Read More

Survey Results from Accounts Payable Efficiency Study

A few months ago we sent out over 30,000 email surveys to CFO’s, AP managers, controllers and other financial department decision makers asking them about how efficiently their AP department operates and what level of automation they utilize. For your … Read More

The CFO’s Part in E-invoicing

While sitting next to a gentleman on a flight recently, I inquired what he did for a living. He said that he was the CFO of a large organization. I asked him if they were doing electronic invoicing and he … Read More