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 […]
As years have gone on, different and more complex forms of accounts payable fraud have emerged. Manual and partially-automated accounts payable departments are the most at-risk of falling victim to these new forms of fraud. In a manual AP department, […]
As with most things that are automated by technology, many people worry that it if a machine is “doing all the work,” there won’t be any room for humans to intervene in the case of an error. However, instead of […]
When deciding whether to automate your accounts payable department, it’s important to have an idea of what that automation will look like for your department. Unfortunately, there are often misconceptions about what “fully automating” an AP department actually means. Many […]
There are a number of ways which AP automation can benefit the cash flow of a business. Arguably, the most important is the ability to take advantage of better invoice processing, from capture to approval. This boosts overall transparency, which […]
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 […]
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 […]
Every year on April 22nd, the entire globe celebrates Earth Day. Individuals go out and plant trees, and different companies pledge how they are going to be more conscientious of the Earth. One easy way that your company can do […]
