In the last couple of decades, the healthcare sector has been under intense pressure to adapt to business advances. However, the sector hasn’t adopted these changes. The growing costs, mass inefficiency, and staff shortage that override the healthcare industry forcing … Read More
Two Signs Your AP Process Really Isn’t as Automated as You Think
In many AP departments, there is a curtain that AP managers sometime ignore. Behind it are last-minute phone calls, faxed updates, and then scanning those faxes into the system. That’s three different types of input handled by one or more … Read More
3 Focuses to Help Vendors Push E-Payment Adoption for Their Customers in Healthcare Businesses
Healthcare costs in the US are abnormally high and increasing not only in dollar terms but also as a percentage of GDP. All stakeholders in healthcare from the policymakers to economists to healthcare consultants agree that measures should be devised … Read More
AP and Procurement Departments Combining to Utilize Procure-to-Pay
In recent years, CFO’s have been noticing a powerful shift in AP processes and how important the shift is impacting their organization. Numerous objectives, from complete AP automation to dynamic discounting, seems to be constantly expanding and work. And, for … Read More
3 Common AP Problems and How Automation Solves Them
Managing the AP department can be a daunting and overwhelming task because of the numerous challenges it faces. These problems have a significant impact on the company’s operations and bottom line. A good number of the obstacles in AP emanate … Read More
4 Important Accounts Payable Tasks to Automate
The accounts payable department plays a crucial role in your business. It directly impacts cash flow and important relationships with suppliers. Many accounts payable departments are still reviewing invoices manually and cutting paper checks. This is an outdated, labor-intensive process. … Read More
Paper vs. eInvoicing? What Will Best Work for Your Business
One of the biggest questions for businesses in today’s rapidly advancing digital world is whether to stick with paper invoicing system or convert to an automated eInvoicing system? When examining the trends in the U.S. and the world, this question become … 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
7 Tips to Keep Control of Company Credit Card Accountability – Pt 2
[Continued from Part 1] 4) Don’t Hesitate to Investigate When it comes to financial accountability, record keeping is paramount. No matter how much you trust your team and how lenient you want to be, having clean financial records shouldn’t hurt … Read More
7 Tips to Keep Control of Company Credit Card Accountability – Pt 1
Company credit cards are an important tool for many departments. From employees that entertain clients to employees that travel, using the company credit card is often the ideal way to manage individual expenses. Sometimes a department has a card, managers … Read More
An AP Managers Best Solution
As AP managers your main role is to manage your Accounts Payable department’s day-to-day operation and make it work seamlessly. This includes the way that every AP clerk is managing his or her specific job and contributing to the overall … 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
Solving Common AP Problems with Electronic Invoicing
Electronic invoicing is one of the best ways an organization can improve the functionality of their accounts payable department. However, many organizations are still using paper systems because they don’t understand how the process of automation can fully benefit their … Read More
How Your Organization Can Benefit from ACH, Virtual Card, and Wire Transfers
In the contemporary business world, credit constraints have pushed businesses into researching on ways to use internal funds efficiently and reduce costs. Among the areas that firms are exploring for cost reduction opportunities are the account payables. Organizations have discovered … Read More