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
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
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 This is an outdated, labor-intensive process.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
Health Care Accounts Payable Departments Cutting Costs to Avoid Financial Scars
The 21st-century health care faces numerous challenges with increasing costs being among the most pressing ones. Operating costs are the number one drainer of finances in most healthcare institutions. An average hospital incurs approximately $2,200 per day totaling to millions per year. … 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
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
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
The Benefits of Accounts Payable Automation
When it comes to running a successful business, part of maintaining your business comes with streamlining tasks and making everything efficient. Ensuring that receiving payments and sending invoices is done as quickly and as error-free is just one of many … Read More
Eliminating Exceptions to Streamline Invoice Processing
For Accounts Payable to truly be automated, streamline invoice processing must be exception-free. Exceptions are leftover problems remaining from previous attempts at accounts payable automation. These invoice failures reflect a lack of integration involving vendor information and the ERP or … Read More
Top 7 Benefits of Health Care AP Automation
The healthcare industry is changing gradually from volume-based care to value-based care. This change necessitates all healthcare departments to increase their efficiency and cut costs. Among the departments that require significant modifications to reduce costs and improve efficiency is the … Read More