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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
When creating an efficient accounts payable department, deciding which functions to improve first may often prove a difficult task. If there is no approval process for invoices, they won’t be properly received. Implementing an external AP Workflow by itself is […]
The term “electronic invoicing” (or “e-invoicing”) gets thrown around quite a bit in accounts payable. You may have heard it before and wondered: “What exactly is electronic invoicing? And why should I care?” Electronic invoicing, put simply, is an invoicing […]
The evidence in favor of switching to accounts payable automation is pretty overwhelming. As well as being faster and more efficient, automating the process of capturing invoices can save your company money at every stage. But building a business case […]
