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 This is an outdated, labor-intensive process.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
Evaluating Our Systems and Streamlining with AP Automation
Having a viable Accounts Payable Automation system is like having properly functioning plumbing in your home. Without it, you could be in big trouble. Just like clogs and leaky pipes make for a miserable existence, so can a business that … Read More
Closing The Gap Between Procurement and Accounts Payable
Ideally, all departments in a business should be able to work together collaboratively to accomplish the overall goals of the company. In reality, things often don’t work so smoothly. Purchasing and Accounts Payable are an example of two departments that … Read More
Does Your AP Department Have Terminal Jet Lag?
Technological advances are surging ahead so quickly that many in the business world are experiencing a kind of jet lag. Those who have travelled between time zones know the feeling well. It disrupts your body rhythm, causing you to feel … Read More
Predictive Analytics & AP Automation
In a recent article, the Harvard Business reviewed the differences between forecasting and predictive analytics and, how a company’s analytics are related to its profitability. http://bit.ly/2dJ7wzb So, in answer to the first question, predictive analytics goes way beyond forecasting because … Read More
AP Automation and Vendor Portals
Imagine a world where payments are simple. You make a deal with a vendor. You agree on a price. You pay it then move on to the next transaction, the process is smooth, streamlined, and efficient. Now, think about your … Read More