Posts Tagged ‘Accounts Payable Automation’

Eliminating Exceptions to Streamline Invoice Processing

For accounts payable to be considered fully automated, invoice processing must be streamlined with minimal exceptions. An exception happens when some sort of discrepancy exists on an invoice. This could include an inconsistency in Price Quantity Item names Supplier information, […]

AP Automation and the CFO

When looking to implement automation for your accounts payable department, one of the most crucial steps is getting your CFO onboard. CFOs are inherently busy individuals, and when considering new business ideas, are mainly concerned about the scope of the […]

Why Electronic Payment Options are a Must for B2B

With technology rapidly advancing, many businesses have cut down on—if not completely eliminated—their use of paper checks. As businesses explore electronic invoicing options, they are finding that electronic payments provide benefits to both the supplier and customer. Overall, there are […]

The Benefits of Unlimited Users in an AP Automation Portal

When it comes to accounts payable automation, some solutions will charge a fee per-user to access invoice information on their online portal. This expense may seem necessary, but what about when people from other departments have invoices that require their […]

Can Dynamic Discounting for Enterprise Businesses Improve Cash Flow?

Most AP departments have heard of “early pay discounts,” but in manual or partially automated departments, lengthy invoice processing times keep them from becoming a reality. However, with the proper enterprise solution, electronic invoices are processed more efficiently and early […]

Four Wasteful Activities That Are Slowing Down Your AP Department

It’s no secret that the accounts payable department of any large business has a lot on their plate. Between manually keying in invoices, managing exceptions, and handling supplier inquiries, the average AP staff’s to-do list seems never-ending. What many departments […]

Taking Accounts Payable to the Next Level

When it comes to the modern perception of accounts payable, many people still imagine a department that relies heavily on paper and manual processes. However, with modern advances in technology, there are many opportunities for accounts payable professionals to have […]

Managing AP With the Rise of Remote Work

Due to the great resignation, many accounts payable departments are understaffed, and struggling to find new people to properly take on the job. Often times, the staff that already exists are either unable to come into the office or would […]