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 This is an outdated, labor-intensive process.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
3 Benefits of Using Scan to E-Invoice Services with AP Automation
There are many benefits for businesses to adopt AP automation solutions, yet sometimes it’s the small benefits that make the difference in their decision to transition to e-invoicing. Ultimately, when day-to-day workflows are noticeably streamlined, this is when owners and … Read More
5 Security Measures that Keep Your Accounts Payable Safe
From the days of paper and pencil to the advent of computers and now the era of automation and machine learning, society is changing rapidly. In the financial world, the automated accounts payable system is the next big thing and … Read More
7 Ways AP Automation Benefits Suppliers
Although AP automation benefits are designed for buyers to implement for their P2P processes, their suppliers will benefit from the upgrade as well. The benefits for suppliers are equally as significant as for buyers, which is good news for each. … Read More
How to Leverage the Benefits of Dynamic Discounting
Saving time, money, and effort are always focuses for businesses. Businesses are taking advantage of these focuses with AP automation technology. Electronic invoicing systems streamline AP processes and expand a business’s financial capabilities including acquiring discounts. Let’s discuss how these … Read More
Why Electronic Payment Options are a Must for B2B
In a world where consumers can purchase goods with a click of a button, it seems silly that many businesses are still using paper checks to make purchases. As businesses explore electronic payment options, they are finding that there are … Read More