Suppliers often end up waiting over a month to receive payment for a product or service provided. This means the “frozen” capital is temporarily unavailable for the organization to use in other areas, which can often cause tension between the […]
Accounts payable departments are responsible for making sure that their company’s credits are balanced. When a company purchases goods from a supplier (or vendor) on credit, the accounts payables department makes sure that they get paid back. This can be […]
It can be scary to think about making the switch from paper invoicing to full AP automation – questions might be swirling around in your head, preventing you from getting started with the process. If this is you or your […]
In the modern business world where profit margins and the bottom line are often razor thin, there’s no room for waste anywhere in the company. Counting paperclips is always on someone’s mind, as it should be. But isn’t it better […]
We often talk about how accounts payable invoice automation (APIA) can improve relations between your company and its suppliers. What we don’t often describe are the ways in which automation can improve interdepartmental relations. And it does, in significant ways […]
Ever get that feeling of being on a treadmill that’s going just a step too fast for you to keep up? If you’re in an accounts payable department that’s stuck in the age of paper invoice processing, you probably experience […]
The key to developing an exceptional product is planning, and planning requires a deep understanding of what the customer needs. Aim to meet all those needs while constantly improving on your product and you’ll always stay ahead of the game. […]
Like invoices, paper checks continue to stubbornly hang around. Maybe it’s because, historically, payments were expected to have some kind of heft to them, whether it was a livestock exchange, raw gold or silver, minted coins, treasury notes, or paper […]
Maybe you’ve already heard about the benefits of enterprise-grade accounts payable automation. You might have even taken advantage of a free, no-obligation demonstration and realized that this is the way forward for your company. So, you passed it up the […]
