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 Paying Your Accounts Payable

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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AP and Procurement Departments Combining to Utilize Procure-to-Pay

In recent years, CFO’s have been noticing a powerful shift in AP processes and how important the shift is impacting their organization. Numerous objectives, from complete AP automation to dynamic discounting, seems to be constantly expanding and work. And, for … Read More

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3 Common AP Problems and How Automation Solves Them

Managing the AP department can be a daunting and overwhelming task because of the numerous challenges it faces. These problems have a significant impact on the company’s operations and bottom line. A good number of the obstacles in AP emanate … Read More

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4 Important Accounts Payable Tasks to Automate

The accounts payable department plays a crucial role in your business. It directly impacts cash flow and important relationships with suppliers. Many accounts payable departments are still reviewing invoices manually and cutting paper checks. This is an outdated, labor-intensive process. … Read More

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Paper vs. eInvoicing? What Will Best Work for Your Business

One of the biggest questions for businesses in today’s rapidly advancing digital world is whether to stick with paper invoicing system or convert to an  automated eInvoicing system? When examining the trends in the U.S. and the world, this question become … Read More

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Health Care Accounts Payable Departments Cutting Costs to Avoid Financial Scars

The 21st-century health care faces numerous challenges with increasing costs being among the most pressing ones. Operating costs are the number one drainer of finances in most healthcare institutions. An average hospital incurs approximately $2,200 per day totaling to millions per year. … Read More

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Paperless Solutions to Enhance Your Business

In a recent article in Forbes magazine discussing the state of the “Paperless Office”, it was mentioned that, “we are still stocking our offices with paper and using enough of it to reach halfway to the moon.” It also said … Read More

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7 Tips to Keep Control of Company Credit Card Accountability – Pt 2

[Continued from Part 1] 4) Don’t Hesitate to Investigate When it comes to financial accountability, record keeping is paramount. No matter how much you trust your team and how lenient you want to be, having clean financial records shouldn’t hurt … Read More

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7 Tips to Keep Control of Company Credit Card Accountability – Pt 1

Company credit cards are an important tool for many departments. From employees that entertain clients to employees that travel, using the company credit card is often the ideal way to manage individual expenses. Sometimes a department has a card, managers … Read More

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An AP Managers Best Solution

As AP managers your main role is to manage your Accounts Payable department’s day-to-day operation and make it work seamlessly. This includes the way that every AP clerk is managing his or her specific job and contributing to the overall … Read More

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