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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Healthcare Seeking AP Solutions to Implement Document Control

The healthcare sector faces numerous challenges. Ranging from rising costs to healthcare regulatory challenges, and maintaining efficient operations, these challenges can be overwhelming. Healthcare leaders are seeking AP solutions and turning to technologies such AP automation. AP automation has proved … Read More

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7 Reasons Why You Should Invest in AP Automation Software

In this era of digitalization, organizations in different industries ranging from healthcare to manufacturing are soliciting for different ways to streamline their operations. Most forward-looking companies are embracing digital methods to increase efficiency and cut costs. Finance professionals such as … Read More

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Solving Common AP Problems with Electronic Invoicing

Electronic invoicing is one of the best ways an organization can improve the functionality of their accounts payable department. However, many organizations are still using paper systems because they don’t understand how the process of automation can fully benefit their … Read More

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How Your Organization Can Benefit from ACH, Virtual Card, and Wire Transfers

In the contemporary business world, credit constraints have pushed businesses into researching on ways to use internal funds efficiently and reduce costs. Among the areas that firms are exploring for cost reduction opportunities are the account payables. Organizations have discovered … Read More

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The Benefits of Accounts Payable Automation

When it comes to running a successful business, part of maintaining your business comes with streamlining tasks and making everything efficient. Ensuring that receiving payments and sending invoices is done as quickly and as error-free is just one of many … Read More

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Eliminating Exceptions to Streamline Invoice Processing

For Accounts Payable to truly be automated, streamline invoice processing must be exception-free. Exceptions are leftover problems remaining from previous attempts at accounts payable automation. These invoice failures reflect a lack of integration involving vendor information and the ERP or … Read More

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Electronic Payments: Best Trends and Practices

Customers make payments millions of times daily using their debit cards, electronic payments, checks or other payment methods. Customers have grown comfortable with the use of credit cards as they are very convenient to use and accepted widely as a … Read More

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Top 7 Benefits of Health Care AP Automation

The healthcare industry is changing gradually from volume-based care to value-based care. This change necessitates all healthcare departments to increase their efficiency and cut costs. Among the departments that require significant modifications to reduce costs and improve efficiency is the … Read More

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3 Benefits of Remote Management with AP Automation Solutions

One of the last frontiers for cloud and mobile computing technologies to streamline is AP automation. This is changing quickly though, as more and more businesses realize the benefits of adopting invoice automation solutions. One of these benefits is remote management, … Read More

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Accounts Payable AI: The New Competitive Advantage

Accounts Payable AI (artificial intelligence) is the latest technological movement in the accounting world. Why? If sorting through databases faster, more sophisticated reporting, and less human error aren’t good enough reasons, then I don’t know what is. Using AI, in … Read More

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