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

Eliminating the Paper Trail with Greater Efficiency

It’s hard to believe that a large percent of B2B transactions in the US and the UK are still being done with paper checks and invoices. What’s even harder to imagine is that according to the leading management consulting firm … Read More

How AP Automation Facilitates Business Contracts

Buyers and suppliers negotiate contracts all the time. Sometimes they are in the form of purchase orders that must be accepted when received. At other times there are lengthier general contracts involved that are negotiated before a purchase order is … Read More

Automation and your Companies Future

John Chambers, the outgoing CEO of Cisco, made a shocking statement to an audience of business owners just prior to retiring in 2015. He stated that 40% of their businesses would be functionally dead in 10 years. His statement was … Read More

Does Your AP Department Have Terminal Jet Lag?

Technological advances are surging ahead so quickly that many in the business world are experiencing a kind of jet lag. Those who have travelled between time zones know the feeling well. It disrupts your body rhythm, causing you to feel … Read More

The Effect of Accounts Payable Automation On Cash Flow

Nearly every manufacturing firm has had the experience of checking an inventory list for a requested item and finding that the supply was listed at zero, only to later discover that there were several of the same items sitting somewhere … Read More

iPayables Scholarship Winner

Congratulations to Christopher Naber student at the University of Cincinnati – Winner of the 2015 iPayables Scholarship. Christopher was awarded $1,000 to use for his education after winning our essay contest with the following entry: The NanoWallet “Hey buddy mind picking up … Read More

Financial Adeptness: #1 Objective for AP Departments

In 2008, an economic meltdown occurred all around the world. It has been almost a decade since the onset of this recession and the first attempts to kick start recovery. While the financial markets have now bounced back and enterprises … Read More

Better Financial Control with Dynamic Discounting

It’s fairly easy to see why so many organizations still view AP Automation as just a source of handling supplier payments. But in the reality, it can have a major impact on the working capital of the company. As such, … Read More

The Complete Approach to Accounts Payable Automation

When companies implement accounts payable automation, there are a number of substantial benefits they start seeing almost immediately in the areas of financial analysis, relationships with suppliers and better management of AP processes. In addition, they gain the ability to … Read More

AP Automation VS Manual Invoice Processing

Even the most efficiently run organizations can find its manpower and budget drained due to their accounts payable or AP department. It’s not that their accountants or admin personnel are the problem, it’s the faulty, error prone, manual invoice processing … Read More

Dynamic Discounting a Cash Flow Alternative

Dynamic discounting is more than simply another buzz word or social media catch phrase. It is a method that uses the economic realities to increase the cash flow of a business and gaining more control of the purchasing cycle. There … Read More

AP Automation and Cash Flow Management

There are a number of ways which account payable automation can benefit the cash flow of a business. Arguably, the most important is the ability to take advantage of enhanced invoice approval channels. This boosts overall transparency, which leads to … Read More

Dynamic Discounting – Tips and Strategies

More and more Accounts Payable Departments have come to realize the benefits of offering non negotiated discounts (Dynamic Discounting) to their vendors. This in turn has made heroes out of AP departments throughout the world. If you are unfamiliar with the … Read More

AP Automation & the Cost of Waiting

A return on investment analysis will help you to see the feasibility of AP Automation. When you know when the break-even on any investment will occur, it tends to help the decision makers to make those choices. But of course, … Read More