In any organization, the products and people are essential to its success. What is necessary to keep the organization alive, however, is the consistent movement of money. If transactions are slow to process and even more sluggish to activate, you’re […]
In any organization, it’s highly important and useful to measure accounts payable for effectiveness. The importance of evaluating effectiveness is obvious; improvements are impossible without regular evaluation of the current process used. However, without proper automation, effectiveness becomes very difficult […]
Historically, the accounts payable department has been thought of as an overhead expense, not as a revenue generator or as important to future strategy. This view of AP has been, for the most part, grounded in truth–until now. With enterprise-level […]
In times of economic hardship, learning to do more with less can be the difference between scraping by during the rough times and enduring. Accounts payable departments are no different. Enterprise-level accounts payable automation can transform AP from a cost […]
With new developments in automation, the fear of machines replacing certain jobs has increased in the modern workplace. With a title like “accounts payable automation,” do people in the AP department need to worry about their positions being replaced if […]
As AP automation advances, more accounts payable departments have come to realize the benefits of taking advantage of dynamic discounting. This, in turn, has brought many AP departments into a better light within their companies. Typically, an invoice can come […]
When deciding whether to automate your accounts payable department, it’s important to have an idea of what that automation will look like for your department. Unfortunately, there are often misconceptions about what “fully automating” an AP department actually means. Many […]
iPayables understands that not all of your vendors will be willing to change their current process just because you adopted a highly proficient accounts payable automation initiative. While submitting invoices electronically through the vendor portal would save those suppliers time […]
An accounts payable department that relies heavily on paper often faces difficulty maintaining organization and keeping track of invoices. Lack of invoice visibility can cause turmoil during audit times, or if a supplier calls and has a dispute about an […]
