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 […]
As with most things that are automated by technology, many people worry that it if a machine is “doing all the work,” there won’t be any room for humans to intervene in the case of an error. However, instead of […]
As competition is increasing in most business sectors, organizational leaders are looking for their departments to start playing a more strategic role in both controlling costs and driving growth. Of course, AP departments are no exception—but the fact is that […]
We are living in the age of technology, but unfortunately, many accounts payable departments are stuck in the past. Even though technology is advancing more every day, some departments are still utilizing low-level processes, or even entirely paper processes. These […]
In today’s accounts payable departments, concise financial reporting is crucial. A poorly reported accounts payable department can result in omitted liabilities, understated expenses, and a shortfall in supplies to the company. Errors in manual reporting or low-level automation may result […]
Over the last two years, the workforce has seen burnout across departments become more and more of a reality. The accounts payable department is no exception. In fact, manual and low-level accounts payable departments face an even higher risk of […]
Online portals are an essential and innovative component to utilize when automating your accounts payable department. It’s also important to know what an AP automation online portal will offer, and why they’re important. When looking at different AP automation online […]
