Having the right accounts payable solution can make a major difference for any company’s profitability. While organizations strive to be profitable, many accounts payable departments are under substantial pressure to manage such a large source of profit for their company. […]
The accounts payable department of a company is essential, and yet often under-appreciated. Without the payables department, the business would never pay off suppliers and would therefore come to a halt. The payables department keeps the company running smooth—but it’s […]
If you’re on the fence about automating your AP department, you may be wondering how much money you’ll actually save. The price tag attached to automation solutions can sometimes seem intimidating—however, when you take into account the vast amount that […]
It’s no secret that an organization’s ability to survive and prosper often depends upon their willingness to find and utilize new revenue streams. One such innovative and often overlooked revenue stream for the accounts payable department is the dynamic (or […]
The evidence in favor of switching to accounts payable automation is pretty overwhelming. As well as being faster and more efficient, automating the process of capturing invoices can save your company money at every stage. But building a business case […]
There are many benefits of payables automation, from time and money saved, to better relationships with suppliers and other departments. Your accounts payable team will have time they didn’t have before to focus on fraud prevention, discount capture, and audit […]
When the time comes for an organization to review options or even pull the trigger on a new investment or project, the notorious ROI will always be the focal point. Many possible initiatives are deemed hard to justify and thus, fall […]
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 […]
