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 […]
Customers make payments millions of times daily using their debit cards, electronic payments, checks or other payment methods. Customers have grown comfortable with the use of credit cards as they are very convenient to use and accepted widely as a […]
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. […]
As innovative digital technology continues to rapidly progress in the world, modern businesses are being compelled to adapt with online trends to keep up with their customer’s expectations and needs. Significantly, this includes transforming electronic payment methods to streamline workflow […]
Electronic payment methods are becoming increasingly popular and more widely used around the world. In fact, digital payments are expected to hit 726 billion transactions by 2020. Following are eight of the top electronic payment trends that you can expect to see […]
When was the last time you saw someone pay for their groceries by check? Let’s be honest—many of us will judge a fellow customer for using paper checks in stores. We’ll wonder how they could possibly find it convenient to […]
As businesses turn towards automation to increase productivity and decrease errors, customers turn to electronic invoicing for vendors, giving them the information needed for making payments early or on time. AP automation has been shown to increase the rate of […]
The electronic payments sector is growing day by day. Just as other technologies, these forms of payment including ACH, wire transfers and virtual cards, have too many advantages to ignore. At the same time, paper payments through cash or check […]
Accounts payable departments are often inundated with a significant amount of work. They spend more time pushing paper than doing anything else. What if you could say goodbye to paper invoices? There are a number of benefits to AP automation. […]
