Increasing Quality Control in Accounts Payable

In today’s accounts payable department, concise financial reporting is crucial. A poorly reported accounts payable department can result in omitted liabilities, understated expenses, and a shortfall in supplies to the customer. Errors in manual reporting may result in fraudulent activity … Read More

7 Benefits of Cloud-Based AP Automation

There is probably no other area in any organization that can benefit from increased productivity, centralized data, and financial savings than finance and accounting departments. And, nothing can successfully do all of that like cloud-based AP Automation. More and more … Read More

How Smart Is Your AP Data?

Many of us in the 1980s were mesmerized by the “Knight Rider” television series that featured the “KITT Car”, an interactive Pontiac Trans Am with a human-sounding voice and operations that far exceeded the capability of a normal automobile. The … Read More

CFO’s Changing Automated World

So, what does the future hold for CFOs in this ever-changing digital world? It’s shifting every day and that was quite evident at Harvard University’s CFO of the Future Summit for 2016. One of the main topics at the summit … Read More

AP Automation and Rapid Problem-Solving

The ability of company leaders to think on their feet when faced with difficult problems is an asset that is highly desirable. Most managers would acknowledge that solving problems quickly and efficiently can save a business considerable money. Not everyone … Read More

Managing the Risk of Foreign Suppliers

Risk management is a daily struggle for businesses that directly affects accounts payable. For a variety of reasons, many corporations today are choosing to import from foreign suppliers. The advantages of using foreign suppliers are many, but the level of … Read More

Turning Failure into Success in Accounts Payable

It was George Santayana who coined the phrase, “Those who cannot remember the past are condemned to repeat it.” Inherent within this quote is the idea that mistakes are made by everyone, and it is important to learn from them. … Read More

Eliminating the Paper Trail with Greater Efficiency

It’s hard to believe that a large percent of B2B transactions in the US and the UK are still being done with paper checks and invoices. What’s even harder to imagine is that according to the leading management consulting firm … 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