CFOs and the New Accounts Payable Department
In this article, we’ll explore how and why CFOs can and should embrace new technological adaptations modern AP department.
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In this article, we’ll explore how and why CFOs can and should embrace new technological adaptations modern AP department.
In a modern enterprise business, there isn’t much of a reason that the accounts payable department should be relying on paper at all. Historically, when imagining what typical AP looks like, one might envision paper invoices, paper checks, sticky notes […]
Collaboration between two business partners always begins with the understanding that their combined efforts are far more effective than those of any single entity standing alone. Departments within an organization act as business partners, working towards the common goal of […]
In a business, events happen that may seem simple on the surface, but can actually do critical damage over time. One of these slow but potentially devastating instances is stalled payment of invoices. These payment delays can injure relationships with […]
Supplier early payments yield advantages to both suppliers and to accounts payable. Suppliers have their cash flow sooner, and AP often can take advantage of discounts for paying early. For many departments that lack proper automation for their invoice management, […]
When implementing AP automation, many organizations worry about whether their suppliers will be willing to make the switch over to e-invoicing. Luckily, high-level solutions offer invoice digitization as a standard part of their software. With invoice digitization, suppliers can still […]
As technology rapidly improves, consumers are able to order almost anything online—for example, having restaurant food delivered straight to their door. They can make reservations online or order straight from a kiosk, without ever having to talk to a host. […]
Managing an accounts payable department can prove to be quite demanding, but with the proper tools, it can be rewarding and profitable. Accounts payable is often looked at as a subordinate department—expected to cut costs while increasing performance, visibility, and […]
If you’re exploring the market to find an accounts payable automation solution, you may have noticed that there are many different solutions to choose from. When examining these solutions, it’s important to keep in mind that AP departments look different […]