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 […]
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 […]
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 […]
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 […]
If you’re looking into accounts payable automation, you’ve likely heard the term “electronic invoicing” or “e-invoicing”. But what exactly is e-invoicing? Many people incorrectly assume that “e-invoicing” equates to “emailed invoices”—but enterprise level electronic invoicing actually entails receiving the invoice […]
When it comes to the accounts payable department, one of the most frustrating responsibilities the team faces is dealing with disgruntled suppliers. When things aren’t automated and easy to track, suppliers are constantly calling with inquiries taking time away from […]
In today’s accounts payable departments, concise financial reporting is crucial. A poorly reported accounts payable department can result in omitted liabilities, understated expenses, and a shortfall in supplies to the company. Errors in manual reporting or low-level automation may result […]
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 […]
In any organization, the products and people are essential to its success. What is necessary to keep the organization alive, however, is the consistent movement of money. If transactions are slow to process and even more sluggish to activate, you’re […]
