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 […]
When it comes to the modern perception of accounts payable, many people still imagine a department that relies heavily on paper and manual processes. However, with modern advances in technology, there are many opportunities for accounts payable professionals to have […]
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 […]
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 […]
When it comes to the accounts payable department, one of the most frustrating responsibilities the team faces is dealing with disgruntled suppliers. When things aren’t automated and easy to track, suppliers are constantly calling with inquiries taking time away from […]
Cloud-based accounts payable automation ensures that accounts payable departments thrive by helping their organization achieve maximum efficiency and productivity. The results of such efficiencies pave the way for improved decision-making and business forecasting. By utilizing enterprise-grade accounts payable automation and […]
As years have gone on, different and more complex forms of accounts payable fraud have emerged. Manual and partially-automated accounts payable departments are the most at-risk of falling victim to these new forms of fraud. In a manual AP department, […]
