The ever-increasing healthcare costs, cases of malpractice, and increased inefficiency are among the factors that led to healthcare reform. In 2010, for example, the US allocated the highest amount of money to the healthcare sector in the world. Approximately $3.2 trillion was … Read More
How to Leverage the Benefits of Dynamic Discounting
Saving time, money, and effort are always focuses for businesses. Businesses are taking advantage of these focuses with AP automation technology. Electronic invoicing systems streamline AP processes and expand a business’s financial capabilities including acquiring discounts. Let’s discuss how these … Read More
Top 4 Reasons Why Health Care AP is Going Automated
The contemporary healthcare sector faces numerous challenges ranging from operational inefficiencies to increasing costs. In a bid to improve the sector, an array of improvements geared at offering value to patients, reducing costs, and ensuring financial compliance should be made. … Read More
AP Automation: 2009 to 2019
Looking back over the last decade AP Automation, Dynamic Discounting, and E-invoicing have made great strides. Some people may reflect on the last ten years and think that not much really happened, while others will tell you that a lot … Read More
Dynamic Discounting and the Time Value of Money
In a recent article by CPO Rising, the difference between early payment discounts and the ‘Time Value of Money’ was discussed. So, what do they have in common? Well, for starters, they’re both integral parts of accounts payable automation. What … Read More
Transforming Paper Care into Patient Care
The future of healthcare is impacted heavily by insurance, regulatory compliance and other major factors. Thus, hospitals, clinics, and other patient care networks across the country are looking for means to become more financially stable. As part of this, they … Read More
9 Benefits of AP Automation with ERP Integration
One of the biggest questions CFO’S and AP Managers need to discuss before implementing AP automation into their organization is, “Why should I consider how my ERP system will be impacted when upgrading to an AP automation solution?” Running Large … Read More
Automation Improves the Supplier Chain
Technology is being used every day in most business functions to increase efficiency and decrease errors. When dealing with the supplier chain, it can be highly beneficial for organizations of all sizes to implement automation. With the growth of globalization … Read More
Increasing ROI from AP Automation
As businesses turn towards automation to increase productivity and decrease errors, customers turn to electronic invoicing for vendors, giving them the information needed for making payments early or on time. AP automation has been shown to increase the rate of … Read More
Increasing Visibility and Control with AP Automation
In the last few years, Accounts Payable Departments have taken advantage of advances in AP Automation. For some, cloud-based software programs have cut their processing times by more than fifty percent. Despite the advances, many companies still process their invoices … Read More