Posts Tagged ‘Centralized Control’

5 Ways to Prevent Fraud with AP Automation

As years have gone on, different and more complex forms of accounts payable fraud have emerged. Manual and partially-automated accounts payable departments are the most at-risk of falling victim to these new forms of fraud. In a manual AP department, […]

The Future of AP Automation

We are living in the age of technology, but unfortunately, many accounts payable departments are stuck in the past. Even though technology is advancing more every day, some departments are still utilizing low-level processes, or even entirely paper processes. These […]

Invoice Management: New Opportunities Through AP Automation

Over the last two years, the workforce has seen burnout across departments become more and more of a reality. The accounts payable department is no exception. In fact, manual and low-level accounts payable departments face an even higher risk of […]

3 Ways Automated Approval Workflow Cuts Approval Time

With an enterprise-level accounts payable automation solution, automated approvals are a standard feature that should be included within the solution. The ideal automated approval workflow consists of hierarchical routing/business rules, automated escalations, and vacation re-routing. With these features, your accounts […]

Dynamic Discounting – Tips and Strategies

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 […]

Invoice Visibility with AP Automation

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 […]

AP Automation and Cash Flow Management

There are a number of ways which AP automation can benefit the cash flow of a business. Arguably, the most important is the ability to take advantage of better invoice processing, from capture to approval. This boosts overall transparency, which […]

AP Automation Savings: Maximizing Your AP Budget

If you’re on the fence about automating your AP department, you may be wondering how much money you’ll actually save. The price tag attached to automation solutions can sometimes seem intimidating—however, when you take into account the vast amount that […]