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

AP Automation and Cash Flow Management

There are a number of ways which account payable automation can benefit the cash flow of a business. Arguably, the most important is the ability to take advantage of enhanced invoice approval channels. This boosts overall transparency, which leads to … Read More

The Future of Electronic Invoicing

If you could look into a crystal ball and predict the future of E-invoicing/AP Automation what would be the outcome?  Does the future look bright?  Since the arrival of E-invoicing back in the late 90’s, AP Automation has continually increased … Read More

Speeding up the AP Process With Electronic Invoicing

For most of us, the internet has become an integral part of our everyday lives. We can either choose to utilize the numerous advantages it affords such as social media, online learning, e-commerce, information resources and good entertainment; or we … Read More

17 BENEFITS OF PAYABLES AUTOMATION

Accuracy of Data (direct from supplier, no data entry by clerks)– Due to payables automation, the clerk’s duties have become fully automated resulting in more accurate data. With AP automation, the average accounts payable worker becomes far more efficient. Easier … Read More

AP AUTOMATION IN THE CLOUD

Cloud Invoicing is changing how we do business. It’s reforming organizations and giving them the ability to work with a more refined system (AP automation in the cloud). Organizations around the world are feeling the need to make changes. The … Read More

EIPP – THE ULTIMATE PAYMENT PROCESS

Today’s EIPP (Electronic Invoice Presentment and Payment) solutions take the invoice from submission to the appropriate payment, from ACH with dynamic discounting for discount maximization, to card processing for increased days payables outstanding, to check printing. All of these functions … Read More

GOOD, BETTER, AND BEST E-INVOICING

The great business mogul Henry Ford once said, “THE COMPETITOR TO BE FEARED IS ONE WHO NEVER WORRIES ABOUT YOU, BUT GOES ON MAKING HIS OWN BUSINESS BETTER ALL THE TIME.” As Mr. Ford stated, we typically don’t worry so … Read More

INDUSTRY STUDY RATES IPAYABLES AS THE TOP AP AUTOMATION SOLUTION

Recently, we were happy to learn that TRANSFORMATION MANAGEMENT CONSULTING LLC, an independent research and consulting firm specializing in the payables industry; conducted a study comparing all the major Accounts Payable automation solutions available. It specifically evaluated the affordability, functionality, number … Read More

REAPING DYNAMIC DISCOUNTING REWARDS

It’s no secret that an organization’s ability to survive and prosper often depends upon their willingness to find and utilize new revenue streams. One such innovative and often unrealized revenue stream is the dynamic discounting (or early pay discount) feature … Read More