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 […]
The Basic Framework When you automate your accounts payable department, there are many benefits that come with it, such as improved cash flow, increased customer satisfaction, and higher company profitability. Despite many advances in technology, however, many accounts payable departments […]
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 […]
Over the last two years, the workforce has seen burnout across departments become more and more of a reality. The accounts payable department is no exception. In fact, manual and low-level accounts payable departments face an even higher risk of […]
PO matching, or purchase order matching, is the process of matching a customer’s purchase order to a supplier’s invoice to make sure all the information correctly lines up. Not all companies use purchase orders, but they are widely popular amongst […]
With an enterprise-level accounts payable automation solution, automated approvals are a standard feature that should be included within the solution. The ideal automated approval workflow consists of hierarchical routing/business rules, automated escalations, and vacation re-routing. With these features, your accounts […]
Historically, the accounts payable department has been thought of as an overhead expense, not as a revenue generator or as important to future strategy. This view of AP has been, for the most part, grounded in truth–until now. With enterprise-level […]
In times of economic hardship, learning to do more with less can be the difference between scraping by during the rough times and enduring. Accounts payable departments are no different. Enterprise-level accounts payable automation can transform AP from a cost […]
