Imagine a well-oiled assembly line—every function is done correctly and as quickly as possible. In today’s world, that assembly line involves humans and machines working in tandem to get the job done. For AP, that means a fully electronic system […]
The Health Insurance Portability and Accountability Act (better known as HIPAA) set forth requirements for the secure access, storage, and exchange of health information. These requirements extend beyond just hospitals—take for example, HIPAA compliant accounts payable automation for healthcare. What […]
As technology rapidly improves, consumers are able to order almost anything online—for example, having restaurant food delivered straight to their door. They can make reservations online or order straight from a kiosk, without ever having to talk to a host. […]
When it comes to airline and aerospace industries, one universal fact is that their accounts payable departments are plagued with handling a large number of invoices. Most airline and aerospace companies will handle thousands—if not tens of thousands—of invoices a […]
In a time where many companies are facing the unfortunate reality of “the great resignation,” organizations with accounts payable departments that heavily rely on manual processes are facing huge obstacles. Companies are spending more money just to try to build […]
Managing an accounts payable department can prove to be quite demanding, but with the proper tools, it can be rewarding and profitable. Accounts payable is often looked at as a subordinate department—expected to cut costs while increasing performance, visibility, and […]
When upgrading your accounts payable department with automation, one of the huge benefits is the convenience of having all your invoices stored in one place. In an enterprise business, AP departments typically have a large number of invoices that must […]
Automating accounts payable undoubtedly provides substantial benefits to a company, including reducing costs and improving efficiency. However, before implementing, it’s important to be aware that, like many things in life, there is no such thing as a one-size-fits-all solution. When […]
For accounts payable to be considered fully automated, invoice processing must be streamlined with minimal exceptions. An exception happens when some sort of discrepancy exists on an invoice. This could include an inconsistency in Price Quantity Item names Supplier information, […]
