In a modern enterprise business, there isn’t much of a reason that the accounts payable department should be relying on paper at all. Historically, when imagining what typical AP looks like, one might envision paper invoices, paper checks, sticky notes […]
In a business, events happen that may seem simple on the surface, but can actually do critical damage over time. One of these slow but potentially devastating instances is stalled payment of invoices. These payment delays can injure relationships with […]
Supplier early payments yield advantages to both suppliers and to accounts payable. Suppliers have their cash flow sooner, and AP often can take advantage of discounts for paying early. For many departments that lack proper automation for their invoice management, […]
When implementing AP automation, many organizations worry about whether their suppliers will be willing to make the switch over to e-invoicing. Luckily, high-level solutions offer invoice digitization as a standard part of their software. With invoice digitization, suppliers can still […]
As technology rapidly improves, consumers are able to order almost anything online—for example, having restaurant food delivered straight to their door. They can make reservations online or order straight from a kiosk, without ever having to talk to a host. […]
Managing an accounts payable department can prove to be quite demanding, but with the proper tools, it can be rewarding and profitable. Accounts payable is often looked at as a subordinate department—expected to cut costs while increasing performance, visibility, and […]
For accounts payable to be considered fully automated, invoice processing must be streamlined with minimal exceptions. An exception happens when some sort of discrepancy exists on an invoice. This could include an inconsistency in Price Quantity Item names Supplier information, […]
If you’re exploring the market to find an accounts payable automation solution, you may have noticed that there are many different solutions to choose from. When examining these solutions, it’s important to keep in mind that AP departments look different […]
When looking to implement automation for your accounts payable department, one of the most crucial steps is getting your CFO onboard. CFOs are inherently busy individuals, and when considering new business ideas, are mainly concerned about the scope of the […]
