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 […]
When it comes to accounts payable automation, some solutions will charge a fee per-user to access invoice information on their online portal. This expense may seem necessary, but what about when people from other departments have invoices that require their […]
Most AP departments have heard of “early pay discounts,” but in manual or partially automated departments, lengthy invoice processing times keep them from becoming a reality. However, with the proper enterprise solution, electronic invoices are processed more efficiently and early […]
It’s no secret that the accounts payable department of any large business has a lot on their plate. Between manually keying in invoices, managing exceptions, and handling supplier inquiries, the average AP staff’s to-do list seems never-ending. What many departments […]
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 […]
