How AP Automation Makes Audits Less Stressful

Audit. That “A” word. Ever notice how just the sight or sound of it makes you feel? It’s like nails scraping on a blackboard. It shouldn’t be. If your accounts payable department is running on all cylinders, it can be … Read More

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Best in Class- Is Your AP Department There?

Time costs money; best in class level efficiency saves both. In the business world, this isn’t just a mantra for motivation. It’s a cold, hard fact that companies deal with every single day. In order to compete in the modern … Read More

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OCR ≠ AP Automation

We all know the story of the guy who bought a do-it-yourself plumbing kit, thinking he’d save a little cash. Thousands of dollars in damage later, he admitted he should’ve sprung for a professional in the first place. That guy … Read More

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Hey AP: Time to Shake Off Your Ball-and-Chain Image

Reading a recent APP2PNetwork white paper, I was struck by how little respect accounts payable departments across America get. Citing an Institute of Finance and Management (IOFM) AP Key Performance Indicators Study, accounts payable “topped the lists as the most … Read More

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Zen and the Art of Retailer Therapy

Ever heard the term “retail therapy”? Shopping to improve one’s mood, give oneself a mental and emotional boost, improve one’s outlook. Shoppers swear by it. So, how about some retail therapy for retailers?  Retailers do more shopping than just about … Read More

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Restaurant Automation Belongs in the Office, Too

Automation is reaching the restaurant industry in ways never dreamed of twenty years ago. Electronic menus. Order kiosks. Online reservations. Pre-ordering. All of these digital contributions lead to faster, more streamlined customer service and fewer order mistakes. What a great … Read More

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Manufacturers Can Profit from a Retooled AP Department

In the modern global economy, it’s no surprise that manufacturers are looking for an edge over the competition. Staying competitive means containing costs with streamlined production processes for aggressive pricing and better response to demand. All without impacting product quality. … Read More

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Airlines Fly Higher with Accounts Payable Automation

The airline industry has experienced a lot of changes these past twenty years. Rising costs, government regulation, and periods of passenger decline have all but grounded the fleet at times. When these concerns came to a head in the early … Read More

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Changing World of Faster B2B Payments

There has been a lot of talk among business executives about the use of faster B2B payments. Faster payments can be utilized by organizations of any size and in any business sector. According to an article entitled “Faster Payments: Use … Read More

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Healthcare Business Best Practices: Spend Less by Adapting More

In the last couple of decades, the healthcare sector has been under intense pressure to adapt to business advances. However, the sector hasn’t adopted these changes. The growing costs, mass inefficiency, and staff shortage that override the healthcare industry forcing … Read More

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CFO’s AP Solutions: Understanding the Real Cost of Your Accounts Payable Department

While most CFO’s are knowledgeable about the major costs of running an organization, they may not be aware of the day-to-day bills that must be paid. Considering CFO’s AP solutions and the volume of payments that go out regularly, it’s … Read More

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The ePayables Winning Mix

Recently, Ardent Partners released a study they call the “State of ePayables” report. In it, they lay out what is the “Best in Class” when it comes to successful accounts payable automation. We hit it here on the ePayables winning … Read More

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Two Signs Your AP Process Really Isn’t as Automated as You Think

In many AP departments, there is a curtain that AP managers sometime ignore. Behind it are last-minute phone calls, faxed updates, and then scanning those faxes into the system. That’s three different types of input handled by one or more … Read More

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3 Focuses to Help Vendors Push E-Payment Adoption for Their Customers in Healthcare Businesses

Healthcare costs in the US are abnormally high and increasing not only in dollar terms but also as a percentage of GDP. All stakeholders in healthcare from the policymakers to economists to healthcare consultants agree that measures should be devised … Read More

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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

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