The 21st-century health care faces numerous challenges with increasing costs being among the most pressing ones. Operating costs are the number one drainer of finances in most healthcare institutions. An average hospital incurs approximately $2,200 per day totaling to millions per year. … Read More
Paperless Solutions to Enhance Your Business
In a recent article in Forbes magazine discussing the state of the “Paperless Office”, it was mentioned that, “we are still stocking our offices with paper and using enough of it to reach halfway to the moon.” It also said … Read More
Healthcare Seeking AP Solutions to Implement Document Control
The healthcare sector faces numerous challenges. Ranging from rising costs to healthcare regulatory challenges, and maintaining efficient operations, these challenges can be overwhelming. Healthcare leaders are seeking AP solutions and turning to technologies such AP automation. AP automation has proved … Read More
7 Reasons Why You Should Invest in AP Automation Software
In this era of digitalization, organizations in different industries ranging from healthcare to manufacturing are soliciting for different ways to streamline their operations. Most forward-looking companies are embracing digital methods to increase efficiency and cut costs. Finance professionals such as … Read More
Eliminating Exceptions to Streamline Invoice Processing
For Accounts Payable to truly be automated, streamline invoice processing must be exception-free. Exceptions are leftover problems remaining from previous attempts at accounts payable automation. These invoice failures reflect a lack of integration involving vendor information and the ERP or … Read More
7 Ways AP Automation Benefits Suppliers
Although AP automation benefits are designed for buyers to implement for their P2P processes, their suppliers will benefit from the upgrade as well. The benefits for suppliers are equally as significant as for buyers, which is good news for each. … Read More
2 Payment Types to Better Connect Your Automation with Your Suppliers
Supplier enablement has always been a great focus for AP departments. So what happens whey you become automated and try to transition your suppliers? There are two types of payment strategies to get suppliers on that could help your business. … Read More
AP Automation: If you Don’t have it, You May be Left in the Dirt.
It’s important to understand some of the latest trends and best practices when it comes to using electronic payments. There are still a large number of businesses paying at least half of their invoices using paper checks. By understanding the … Read More
AP Automation for Health Care: Helping Hospitals Align to the Triple Aim
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
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