Like invoices, paper checks continue to stubbornly hang around. Maybe it’s because, historically, payments were expected to have some kind of heft to them, whether it was a livestock exchange, raw gold or silver, minted coins, treasury notes, or paper […]
Take a look at your computer keyboard. If the letter keys are shinier than the number keys, you’re working too hard. At least you’re working too hard at data entry. But why? Why, when so much of that manual data […]
Nearly two decades into the new millennium, we believe we’re living in the future, and one thing should be obvious: digitized business practices have become the norm. Even where once paper and pen applications were considered sacred and untouchable, the […]
There has been a lot of talk among business executives about the use of faster B2B payments. Faster payments can be utilized by organizations of any size and in any business sector. According to an article entitled “Faster Payments: Use […]
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 […]
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 […]
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 […]
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 […]
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 […]
