Ever heard the term “retail therapy”? Shopping to improve one’s mood, give oneself a mental and emotional boost, improve one’s outlook. Shoppers swear by it. So, how about some retail therapy for retailers? Retailers do more shopping than just about … Read More
NEWS AND RESOURCES
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Restaurant Automation Belongs in the Office, Too
Automation is reaching the restaurant industry in ways never dreamed of twenty years ago. Electronic menus. Order kiosks. Online reservations. Pre-ordering. All of these digital contributions lead to faster, more streamlined customer service and fewer order mistakes. What a great … Read More
Manufacturers Can Profit from a Retooled AP Department
In the modern global economy, it’s no surprise that manufacturers are looking for an edge over the competition. Staying competitive means containing costs with streamlined production processes for aggressive pricing and better response to demand. All without impacting product quality. … Read More
Airlines Fly Higher with Accounts Payable Automation
The airline industry has experienced a lot of changes these past twenty years. Rising costs, government regulation, and periods of passenger decline have all but grounded the fleet at times. When these concerns came to a head in the early … Read More
Changing World of Faster B2B Payments
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 … Read More
Healthcare Business Best Practices: Spend Less by Adapting More
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
CFO’s AP Solutions: Understanding the Real Cost of Your Accounts Payable Department
While most CFO’s are knowledgeable about the major costs of running an organization, they may not be aware of the day-to-day bills that must be paid. Considering CFO’s AP solutions and the volume of payments that go out regularly, it’s … Read More
The ePayables Winning Mix
Recently, Ardent Partners released a study they call the “State of ePayables” report. In it, they lay out what is the “Best in Class” when it comes to successful accounts payable automation. We hit it here on the ePayables winning … 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
17 BENEFITS OF PAYABLES AUTOMATION
Accuracy of Data (direct from supplier, no data entry by clerks)– Due to payables automation, the clerk’s duties have become fully automated resulting in more accurate data. With AP automation, the average accounts payable worker becomes far more efficient. Easier … 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